GBTC delivered a buy signal on Tuesday

LikesMoney Independent Analyst

GBTC broke below the day 23 on Friday to extend its daily cycle decline. Friday was day 36, placing it in its timing band for its daily cycle low. Friday's bullish reversal eased the parameters for forming a swing low. GBTC formed a swing low on Monday then delivered bullish follow through on Tuesday. GBTC closed above the converging 10 day MA and 200 day MA and the declining trend line on Tuesday to confirm the new daily cycle. GBTC 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.

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LikesMoney

Independent Analyst

Assets (such as stocks, gold, and the dollar) have identifiable cycles.

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