likesmoneystudies posted: " BTC formed a swing low on Friday then delivered bullish follow through on Monday, Tuesday, and Wednesday It initially looked as if day 30 was the DCL. However, the dollar appears to be in the process of forming a DCL, which would be bearish f"  | likesmoneystudies February 29 | BTC formed a swing low on Friday then delivered bullish follow through on Monday, Tuesday, and Wednesday It initially looked as if day 30 was the DCL. However, the dollar appears to be in the process of forming a DCL, which would be bearish for BTC. Also, there are bearish divergences developing on the oscillators along with BTC forming a slight reversal off the 64000 level which suggests that Wednesday was day 35 – placing it in its timing band for a DCL. BTC is now quite stretched above the 10 day MA. A daily cycle decline would help to allow the 10 day MA to catch up to price. BTC is currently in a daily uptrend. BTC will remain in its daily uptrend unless it closes below the lower daily cycle band. | | | |  | You can also reply to this email to leave a comment. | | | | |
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