Long Term Bitcoin Indicator To Flip Bearish Ahead Of Next Manic Phase

A long-term trend following indicator is about to flip bearish on Bitcoin for only the fourth time in the asset’s short, eleven-year history.

However, it doesn’t necessarily mean that more downside is coming for the first-ever cryptocurrency before the next bull market and manic, FOMO-buying phase begins.

Long-Term Gaussian Channel About to Flip Bearish, But Indicator Can Lag Behind Price Action

As a trader, most technical analysis done takes specific interest in shorter timeframes, such as the daily, hourly, or even 5-minute price charts. The fundamental value of the underlying asset also matters far less.

But for investors, technical analysis focused on longer-term timeframes combined with fundamental analysis is the best strategy for ongoing success.

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Some indicators are better suited for long term analysis, while others work best for short-term trading positions. However, many of these indicators…