BTC dangerously close to being sucked into Gaussian channel.
Updated
If downward pressure continues and BTC is sucked into the channel price action will remain in the sub 30K area. We will need significant capital inflows to propel us out of the channel once inside.
Note
Forgive the messy chart. The bottom left chart was what I had maximized and intended to post.
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.