All this up and down seen on a 4 HR chart could cause a person to lose sleep. However it does give a better feel for the short term pulse of the market. Somewhat like blood-pressure as seen by the solid yellow and red lines. Right now I would say it’s a little high but let’s not fool ourselves, it’s been there before. It often happens prior to a leap in one direction or the other.
Here I'm looking at an overlay of the Gaussian Channel to get a sense that the price of Bitcoin is moving higher. A price remaining above the green channel has historically been a time of higher highs and higher lows. Just remember we are looking at a 4 HR chart. Also note Bitcoin can and has fallen right through the bottom of the green channel and turn it red in less than a day.
It’s not advice, just my free view of where Bitcoin is today.
Remember. This is not trading advice. Follow me if you wish, share it if you want and please engage the like button and add your comments below.
Here I'm looking at an overlay of the Gaussian Channel to get a sense that the price of Bitcoin is moving higher. A price remaining above the green channel has historically been a time of higher highs and higher lows. Just remember we are looking at a 4 HR chart. Also note Bitcoin can and has fallen right through the bottom of the green channel and turn it red in less than a day.
It’s not advice, just my free view of where Bitcoin is today.
Remember. This is not trading advice. Follow me if you wish, share it if you want and please engage the like button and add your comments below.
