$BTCUSD has struggled to go higher after hitting a high earlier in December.
We saw a Go Countertrend Correction Icon (red arrow) on December 11th and since then we have seen a lot of weaker aqua “Go” bars creep in as price has moved mostly sideways. During that time, GoNoGo Oscillator has fallen to and found support at the zero line several times and price has settled into what seems to be a well defined range. Now, GoNoGo Trend is painting amber “Go Fish” bars which demonstrates uncertainty as buyers and sellers are unsure of price’s next direction. We will watch to see if the oscillator can rally off the zero line once more. If it does, then perhaps renewed positive momentum will cause GoNoGo Trend to recapture “Go” bars.
