GoNoGo Charts is a "Go" on Bitcoin
After a series of higher highs and lows, the purple "NoGo" bars were mixed with the lighter pink bars, showing some weakness in the down trend through most of March. Most recently, the GoNoGo Trend has been able to paint blue "Go" bars indicating the environment has turned bullish. The GoNoGo Oscillator in the lower panel has given confirmation by moving into positive territory and currently is finding support at zero. For there to be continued bullish price action, we'd like to see the oscillator bounce off the zero line as it should in a healthy trend.
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