Bitcoin broke bearishly out of consolidation on Friday to signal the daily cycle decline. Bitcoin found support at the rising 50 day MA on Sunday, day 42 — placing it in its timing band for a DCL. Bitcoin formed a swing low on Monday. A close above the 10 day MA will have us label day 42 as the DCL. Bitcoin is being squeezed by the declining 10 day MA and the rising 50 day MA. Resolution of this consolidation should result in a trending move.
Cycle Trading 
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