Por NewsBTC - 2 anos atrás - Tempo de leitura: 3 minutos
The “Father Of Trend Following” And The Indicator That Says Bitcoin Is Still Bullish
Quando Bitcoin price is in an uptrend or a downtrend, it is usually obvious and undeniable due to just how powerful things can move. For example, the cryptocurrency soared from $3,800 to $65,000 during the most recent impulse.
Although there was a large setback, a trend-identifying indicator created by the “Father of Trend Following” suggests that Bitcoin is as bullish as ever, and after a defense of an important conflict line, the cryptocurrency is ready to blast off higher.
A Bitcoin Uptrend That’s Not Yet Ready To EndAfter Black Thursday in 2020, Bitcoin price went on a year-long uptrend that came to a climax this past April around the same time Coinbase Global (COIN) was listed on the Nasdaq.
A primeira criptomoeda subiu mais de 1,500% e atingiu valor de mercado superior a US$ 1 trilhão. A correção eliminou mais de 60% e deixou o mercado cambaleando o suficiente para questionar se o ciclo havia sido concluído.
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Mixed signals are everywhere, with many pointing toward a bear market, with others are saying the integrity of the bull market was never quite broken. Sideways price action following the selloff has made the current trend a lot less clear.
However, zooming out using the Donchian Channels technical indicator on monthly timeframes, the uptrend holding becomes a lot more visible – especially when comparing past market cycle tops.
After defending the median, bulls should make a push higher causing the upper band to rise | Source: BTCUSD on TradingView.com All About The Donchian Channels And How To Use ThemThe Donchian Channels indicator was created by Richard Donchian in the mid-20th century. He was later nicknamed “The Father of Trend Following.”
A própria ferramenta é usada para ajudar a identificar tendências. Um ativo começa a tendência depois de passar pela mediana, que atua como uma linha de conflito entre ursos e touros. A expansão da energia de alta ou baixa faz com que as bandas do canal se alarguem.
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A mediana é melhor definida como uma “média” à qual os ativos retornam após um período de tendência. Uma defesa bem-sucedida da mediana normalmente resulta em outra onda para a tendência primária. Se essa tendência aumentar, como o que Bitcoin o preço está mostrando atualmente, então o canal superior deveria, teoricamente, se expandir à medida que os preços sobem mais.
Past bear markets in Bitcoin began when the median was lost, which caused the asset to trend toward the lower channel band instead. And past bull markets each had several pauses in the upper channel before another push higher was made. Could the recent pullback just be the first of many more to come as Bitcoin climbs toward the eventual climax to the current market cycle?
Donchian Channel on the monthly says #Bitcoin still plenty bullish after defense of the median. Donchia-say you weren't warned. pic.twitter.com/LMPwBGR5RP
— Tony "The Bull" Spilotro (@tonyspilotroBTC) August 18, 2021
Siga @TonySpilotroBTC no Twitter ou através do Telegram TonyTradesBTC. O conteúdo é educacional e não deve ser considerado um conselho de investimento.
Imagem em destaque da iStockPhoto, gráficos da TradingView.comFonte original: NewsBTC