This week has begun with the start of this bullish signal in Bitcoin that has not occurred since 2019.
Let's get started.
I saw her just today
And it occurs for the fourth time in the entire history of Bitcoin.
The signal is being given on the weekly Gaussian Channel. It is changing the channel from Red to Green, this has occurred for the last month in 2019. 4 years ago.
This change is indicating that we are going to have a long-term bullish tenure in the price of Bitcoin if we repeat the 3 previous cycles.
Previous Cycles
We saw it in the bullish cycle in 2012, 2015 and in 2019.
When the channel changes from red to green it indicates a long-term bullish cycle of Bitcoin
Cycle 2012
Cycle 2015
Cycle 2019.
In the 2019 cycle we saw a downward break of the channel due to the pandemic and world crisis but the weekly chart did not change the channel from red to green, it remained green and bitcoin broke the channel upward in 170 days. In almost 6 months.
What has bitcon done in previous cycles after breaking the upward channel.
Bitcoin has retested the Gaussiona Chanel channel limit weekly chart.
We have already seen this in the history of Bitcoin both in 2015 and in 2020
Also in the previous post I had already mentioned it as likely to retest, the price of Bitcoin, the upper part of the channel
Previous post photo
Next weeks
What we could see in the next few weeks is a Bitcoin retesting the top of Gaussian Chanel, as it has already happened in previous cycles.
In 2020 Bitcoin has retested the channel for 5 weeks.
Current Analysis
As we see in the weekly close of Bitcoin, we see that the price has remained above the Gaussion Channel channel and today this color change to Green of the Channel occurs, which represents one more signal that indicates a bullish Bitcoin at long term.
What do you think. Comment what you think, thanks.
READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are. Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment. If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.
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