After weeks long consolidation, Bitcoin painted a couple of amber “Go Fish” bars, suggesting lack of certainty in the “Go” trend that has been in place since around $10000. Just prior to the amber bars, the GoNoGo Oscillator dipped into negative territory.
However, since then, the “Go” trend has resumed and the GoNoGo Oscillator is back above zero.
We will watch to see if price will retest the recent highs. If there is a pullback, then we will look to the oscillator to see if it can find support at the zero line.