Bitcoin has been consolidating along the 50 day MA — until Tuesday. Tuesday is day 9 for the daily cycle. Bitcoin is in the process of breaking below the converging 50 day MA and 10 day MA. A close below these 2 moving averages will set Bitcoin up for a left translated daily cycle formation. Bitcoin is currently in a daily uptrend. But a close below the lower daily cycle band will end its daily uptrend and begin a daily downtrend.
Cycle Trading 
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