Miner Strength

The Miners formed a swing low on Thursday. The Miners printed their lowest point on Wednesday, day 26, placing them in their timing band for a DCL. Thursday’s swing low closed back above the 50 day MA to signal day 26 as the DCL. We will use a close above the 10 day MA in order to label day 26 as the DCL.

If day 26 turns out to be the DCL, then I think that the new daily cycle will likely lest translate and form a lower low — which I will explain in The Weekend Report.

One response to “Miner Strength”

  1. De Admiral Avatar
    De Admiral

    I think meant closed back above the 50 DMA

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