$BTCUSD is soaring into the end of the year!
Bitcoin has been in a “Go” trend for several months and during that time we have seen that GoNoGo Oscillator has been able to find support at the zero line. Every time this happens we can say that momentum remains on the side of the trend. Most recently, price has moved sideways since hitting a high earlier this month. A Go Countertrend Correction Icon (red arrow) informed us that price may struggle to move higher in the short term. GoNoGo Oscillator fell to the zero line where it remained for several bars, causing the climbing grid of GoNoGo Squeeze to rise to its Max representing the tug of war at these levels. We now see GoNoGo Oscillator breaking out of the Max GoNoGo Squeeze into positive territory, momentum resurgent in the direction of the “Go” trend. We will look to see if this gives price the push it needs to make a new higher high.
