Gaussian Channel turning Bullish - Credit BitFinkCredit to BitFink on this for showing me this indicator and showing that current price movement is going up soon.
I used the Gaussian channel to forecast the future movement.
Blue neon line is forecast line.
Red arrows are similar instances of movement.
During both times, price falls below Gaussian Channel red area. The red channel descends towards the price and then price RISES to reach the channel mid-line (neon blue line).
After meeting the mid-line, the price CROSSES the mid-line. This is where the red channel turns green (BULLISH) and price exceeds the green channel generally with strong movement.
Another reason I think this is a fake-out. Big money trying to get bitcoin at low price before next move up.
GBTC
Reversal - Not Bear Flag - Weekly EMA RibbonWeekly EMA ribbon shows that we have never gone below red line in bull market. Either $7700 is the ultimate bottom, or we break that and enter bear market for several months.
In my opinion, this is big money trying to cause individual investors to sell low. They are stealing your bitcoin.
We are entering a reversal in next 2 weeks.
Credit to BitFink and TheMoon (YouTube).
The question:
Are we more likely to go up from here?
OR
Go down - pre-halving roughly 6 months away, stock to flow going to 50, number of bitcoin wallets holding over 1k BTC increasing as price goes down, negative interest worldwide, qualitative easing, etc......?
I think we go up. I appreciate when others more knowledgeable than myself give feedback - agree or disagree. Thanks.
GBTC touches 200MAGBTC has now finally gone down to touch it's 200MA. I think we go up from here.
Only gapfills are above current price action.
Possible reversal here but this is getting close.
Reasoning
GBTC inflows highest since inception (current quarter).
More Bitcoin wallets holding over 1000 BTC. Smartmoney is buying. Dumb holders buying high and selling low are giving away at discount.
Those who endure will enjoy the spoils.
TD Sequential - possible reversal on the 1H, 4H, and Daily?Using TD Sequential – from brobear
1H – Shows long entry setup 8am EST.
4H – Shows 8. 2 more candles and we know confirmation of direction.
Daily – Shows Q (qualifying setup today).
Previous daily support from TD Sequential is $7814.
Below $7814 next support is $5070 (OUCH!)
Watching this closely but still long. Bitcoin butt-pucker time. Daily MACD still bullish, close Bollinger Bands, and possible fake-out keeping me in this.
In my opinion, two more candles on the 4 hour and we will know if reversal is coming.