Bitcoin formed a swing low and closed above the 10 day MA on Tuesday to signal day 28 as the DCL. Bitcoin has proceeded to crawl along the 10 day MA, turning the 10 day MA higher. Bitcoin is now consolidating in-between the 10 day MS and the 50 day MA. Bitcoin is still in a daily downtrend. But close above both the 50 day MA and the upper daily cycle band will end its daily downtrend and begin a daily uptrend. A close above the upper daily cycle band will also signal that the intermediate cycle low has been set — which I plan discuss further in the Weekend Updates.
Cycle Trading 
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