Bitcoin has been consolidating for the past 7 plus weeks, obscuring our daily cycle counts.
Bitcoin formed a bullish reversal on Monday. Monday was day 48, placing bitcoin deep in its timing band for a DCL.
Bitcoin is in the process of forming a swing low and breaking above the 10 day MA on Tuesday morning. We will use a close above both the 10 day MA and the 50 day MA to label day 48 as the DCL. RSI 05 did not get oversold on either day 34 or day 44 and continued higher even though Bitcoin broke to a new low on Monday. If RSI 05 embeds in overbought, that would signal that Bitcoin is still in its advancing phase of its intermediate cycle.
Cycle Trading 
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