#Bitcoin Gaussian Channel (Weekly)
Historically when the Gaussian Channel switched to red, it didn’t take long for #BTC to find its bottom.
It took 4 weeks in 2015 & 6 weeks in 2018.
-> We've just entered the 5th week.
+ RSI’s never been that over sold.
RT appreciated 🤝
#Bitcoin#Important
The red pattern is Bitcoin's move when it crashed to $29K in May 2021 and the black one is #BTC's current price action.
Back in May2021, we saw a clear #Wyckoff accumulation pattern followed by a surge to a new ATH.
The current price action though is similar
After an ambitious promise to eventually buy $10 billion Bitcoin to back UST stablecoin, Terra is adding Avalanche to its UST reserve https://t.co/17YHdSYduf
If we anticipate the market after that, it is safe to say that it is a crypto winter (winter) in which the uptrend over the next 20 to 22 years is broken.