Bitcoin
Long
Updated

Bitcoin Gaussian Channel (Local bottom ?)

57
#Bitcoin Gaussian Channel 🐍

🗣In my last post, I pointed out that we had moved up too quickly and noted the possibility of consolidation or even a correction—which played out. On the oscillator, it was also indicated how this would unfold.

📉 Right now, we are testing the lower band of the channel. We could remain around these levels for a while, consolidating.

💡 What's next? Looking at multiple parameters, we appear to be nearing a local bottom. I firmly believe that we haven’t seen the global peak yet, and this year, we will break it multiple times. 🚀
Trade active
snapshot

(Update)

🗣As I mentioned in the last post, we were likely forming a local bottom — and that’s exactly what happened. Since then, BTC has bounced back strongly and continued its uptrend.

📈Right now, we’re breaking ATH and approaching the upper band of the Gaussian Channel. Green bars are returning on the oscillator, which usually signals a continuation of the trend for a while longer.

💡But don’t forget: we’re already pretty close to the cycle peak. If your risk appetite is lower, some profit-taking here is a smart move. Also, there are still many altcoins that have not shown movement, our developments will help you choose them.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.