Bitcoin and Weekly Gaussian Channel
Hi everyone,
Thank you for considering reading my idea.
Using the Gaussian Channel indicator on the weekly timeframe, we saw back in 2014 and 2018 when the channel turned red, Bitcoin does its capitulation move or a crash down to the 200 Week Moving Average (green line)
Currently, we are not seeing it, at least not yet. I estimate the Gaussian line's angle to be at 25°. We need to go back above the channel to prevent the plateau. Once it plateaus to 0°, we may see that capitulation move to the 200 week moving average is around 20K-21K
I'll update you once the Gaussian Channel turns red.
Thank you for reading my idea. Like this idea and follow me for more ideas like this. NFA . TAYOR. DYOR.
Cheers,
Juvs
Thank you for considering reading my idea.
Using the Gaussian Channel indicator on the weekly timeframe, we saw back in 2014 and 2018 when the channel turned red, Bitcoin does its capitulation move or a crash down to the 200 Week Moving Average (green line)
Currently, we are not seeing it, at least not yet. I estimate the Gaussian line's angle to be at 25°. We need to go back above the channel to prevent the plateau. Once it plateaus to 0°, we may see that capitulation move to the 200 week moving average is around 20K-21K
I'll update you once the Gaussian Channel turns red.
Thank you for reading my idea. Like this idea and follow me for more ideas like this. NFA . TAYOR. DYOR.
Cheers,
Juvs
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