
Bitcoin printed its lowest point on day 24, placing it in the early part of its timing band for a DCL. Bitcoin formed a swing low and closed above both the 10 day MA and the 50 day MA on Monday to signal the new daily cycle. BTC is currently in a daily downtrend. But a close above the upper daily cycle band will end the daily downtrend and begin a daily uptrend. A close above the upper daily cycle band will also indicate that the ICL has been set.

Leave a comment