The Bulls and Bears are battling over Bitcoin’s direction.
Bitcoin printed its lowest point on day 24, placing it in the early part of its timing band for a DCL. Since then it has been squeezed by the declining 10 day MA and the rising 50 day MA. Bitcoin is currently in a daily uptrend. A close above the 10 day MA will indicate a continuation of its daily uptrend and signal a cycle band buy signal — in which we would then label day 24 as the DCL. But a close below the 50 day MA will signal a continuation of its daily cycle decline and possibly the start of its intermediate cycle decline.
Cycle Trading 
Leave a comment