Bitcoin printed its lowest point on day 21, which was early to expect a DCL to form. Bitcoin has since been consolidating below the 50 day MA, forming a triangle consolidation pattern — until this morning.
Bitcoin is in the process of breaking above the declining trend line this morning. Sometimes the cycle low will migrate to the apex of the consolidation pattern. Bitcoin is still in a daily uptrend. A bullish break out of consolidation with a close back above the 50 day MA will indicate a continuation of its daily uptrend and signal a cycle band buy signal — in which we would then label day 36 as the DCL.
Cycle Trading 
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