Signal Preceding 2019 Bitcoin Correction Is About To Return

[Juancoliman55 7]

Cryptocurrency trader is beginning to fear that a final correction is in the works. Attempting to explain this sentiment, he has cited a confluence of technical analysis factors, BTC could soon see a correction, Analyst fears, Bitcoin's inability to continue pushing higher after hitting $ 10,500 in June has not lent itself well to indicators. trending, this cryptocurrency analyst shared the chart below on July 17, showing that the Gaussian Channel is about to happen daily. In particular, this Gaussian Channel is a lagging indicator, which means that it may take a few days or weeks before it formally recognizes that a downtrend is in effect, the potential for it to 'flip' is bearish for the cryptocurrency because almost every Instance of this event was followed by losses, the analyst who shared the chart below noted in another analysis that the channel turned red three times during the 2018 bear market by 80%. The indicator also trended red near the peak of the 2019 bull market, preceding a 30-40% drop.

[Ernestoramster 10]

This is right, Many analysts conclude that bitcoin is on a downward slope or Bear Flag, that the price is currently rising but if it fails to overcome the superior resistance it will go down sharply.  Maybe as low as 9600 or less. They are right? If many investors believe this they are going to sell their Bitcoins and they will make the price go down. It is a paradox we make what we believe come true.