Recent posts followed the development of a potential day 30 daily cycle low for BTC and identified the price behavior needed to confirm it. That confirmation arrived Tuesday.
BTC printed its lowest point on day 30, within the timing window for a daily cycle low.
A subsequent daily swing low provided the first evidence that a new daily cycle was beginning.
Price then consolidated between the 10 day MA and 50 day MA as the new daily cycle developed.
Tuesday’s close above the 10 day MA confirmed the day 30 DCL and triggered a daily Cycle Band buy signal.
BTC is now on day 6 of its new daily cycle.
The daily and weekly uptrends remain intact.
From Anticipation to Confirmation
The progression was documented in the preceding articles:
- October 15: Bitcoin — Where Cycle Studies Meet Risk Tolerance
- October 16: BTC — More Evidence
- October 19: Bitcoin — When Anticipation Meets Confirmation
Cycle timing identified where to look for the potential low. The subsequent swing low provided the first evidence, while Tuesday’s close above the 10 day MA delivered confirmation.
The next question is whether BTC can build on that confirmation and sustain the advance.
From Anticipation to Confirmation
This is the progression we have been following:
- October 15: Bitcoin — Where Cycle Studies Meet Risk Tolerance
- October 16: BTC — More Evidence
- October 19: Bitcoin — When Anticipation Meets Confirmation
Cycle timing identified where to look for the potential low. The subsequent swing low and consolidation provided developing evidence.
Tuesday’s completed close above the 10 day MA supplied the confirmation.
The next question is whether BTC can build on that confirmation and sustain the advance.
Anticipation identified the opportunity. Price behavior confirmed the cycle low.
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