We are very close to making the turn here.
Gaussian Channel indicates MAIN trend (regardless on time perspective).
When price crosses midline, it's like a weak magnet pulling to other side.
When price exits channel - trend changes. Price farther outside channel makes channel change direction.
We are bearish on the Daily currently. However, the price gap for this to change is extremely small.
When I check the Weekly or even Monthly view - WE ARE BULLISH.
During bullish Weekly or Monthly trends, bitcoin can move very quick. Last Bullish Weekly and Monthly was 300% from $3000 to over $9k.
I am long BTC and GBTC for this reason.
Thank you to everyone that comments, puts a chart, likes, or follows. I really appreciate the community here.
I am not a financial advisor. This is my opinion based on what I do.
Gaussian Channel indicates MAIN trend (regardless on time perspective).
When price crosses midline, it's like a weak magnet pulling to other side.
When price exits channel - trend changes. Price farther outside channel makes channel change direction.
We are bearish on the Daily currently. However, the price gap for this to change is extremely small.
When I check the Weekly or even Monthly view - WE ARE BULLISH.
During bullish Weekly or Monthly trends, bitcoin can move very quick. Last Bullish Weekly and Monthly was 300% from $3000 to over $9k.
I am long BTC and GBTC for this reason.
Thank you to everyone that comments, puts a chart, likes, or follows. I really appreciate the community here.
I am not a financial advisor. This is my opinion based on what I do.