Credit 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.
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.