Bitcoin closed above both the 10 day MA and the 50 day MA on Monday to signal the new daily cycle. Bitcoin delivered bullish followed through on Wednesday and Thursday. Bitcoin is getting stretched above the 10 day MA.
Bitcoin is also approaching the upper stem of its multi year consolidation. Bitcoin may need to consolidate in order to to allow the 10 day MA time to catch up to price. Bitcoin is currently in a daily uptrend. A bullish break above the multi year consolidation will indicate that Bitcoin has entered in a melt-up phase.
Cycle Trading 
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