Bitcoin broke below the day 46 low on Monday. Since the rally out of the day 46 low did not manage to turn the 10 day MA higher, breaking below the day 46 low extended the daily cycle decline.
Bitcoin printed a lower low on Tuesday, day 57, which places it very deep and its timing band for a daily cycle low. Bitcoin formed a swing low on Wednesday and there are bullish divergences developing on the oscillators. If Bitcoin closes above the converging 200 day MA and 10 day MA then we will label day 57 as the DCL.
Cycle Trading 
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