GoNoGo Squeeze building on Bitcoin

23

March 2021

By

Alex Cole

After another run higher, the price of Bitcoin has come back over the past several bars.
This has caused the GoNoGo Oscillator to fall to the zero line as momentum has cooled. We will look to see if the zero line can hold as support this time which would indicate that the Go trend is strong. As the oscillator continues to ride the zero line the grid of the GoNoGo Squeeze will climb higher to extremes. If the GoNoGo Oscillator breaks out of the squeeze to the upside then we will see a Go trend continuation green circle under price.