BTC Bull Market and the Weekly Gaussian Channel

One indicator to rule them all.

Every cycle ends by dipping it's toe into quicksand.

Recommend high alert for 'Wick Candle'

Note

Update 3/29/25

The current weekly GC top channel is currently at $75,280 and rising about $1,000 per week
Therefore we should expect it to be around $76,300 next week (3/31 - 4/6)

Current Week Stats:
retest to March '24 pivot high = -2.04% into GC
retest to Cycle 3 top = -8.42% into GC

(Estimated) Next Week Stats:
retest to March '24 pivot high = -3.35% into GC
retest to Cycle 3 top = -9.46% into GC

I suggest that the longer it takes for this retest to occur, the less likely BTC is to see a rally back above the GC, and Cycle 0 shall repeat.

(Estimated) Next week Cycle 0 similar target (of 6.88% below GC) = $70,050

No guarantees, only probabilities. Stay safe out there folks.

Note

Also note, next week - the average wick into the GC (Not including Cycle 0) is -0.37%

That estimated move would be a dip to $76,000 - creating a swing fail pattern on current (March '25) low and just slightly front-running the March '24 pivot high. Pretty juicy setup if you ask me.

Note

--IMPORTANT UPDATE--

- 'Wick Candle' watch now upgraded from "High Alert" to "Extreme Alert"

- Issuing 'First Alert' for a "Wick Candle Failure' - (aka - weekly candle close inside GC with NO dead cat bounce above the GC = Cycle 0 repeating)

- Reasoning:
BTC on the 4h RSI is potentially soon to print bearish divergence from last week's high
BTC on the Daily RSI is potentially soon to print a head and shoulders

Unless volume comes in on this move to push price higher with strength, this may be the bull's last stand this cycle.

Remember, probabilities not certainties. Stay safe folks.

Note

UPDATE

Weekly GC Top Channel now coming in at around $77,500 depending on the ticker...

"Wick Candle Failure" now upgraded to "High Alert"

Eyes open, stay safe folks.

Note

IT'S OFFICIAL

THE CURRENT WEEK IS A 'WICK CANDLE' (occurred within the first 15 minutes of the candle!!)

"Wick Candle Failure" now upgraded to "Extreme Alert"

gratefulmjp

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gratefulmjp