What is Bitcoin Keltner channel?
The user wants to understand the concept of the Bitcoin Keltner channel, which likely involves technical analysis in the context of Bitcoin trading. This analysis probably relates to identifying trends and making trading decisions based on specific indicators within the Keltner channel framework, as applied to the cryptocurrency market.
Is Keltner Channel a leading indicator?
I'm wondering if the Keltner Channel can be considered as a leading indicator in technical analysis. I want to understand if it has the ability to predict future price movements.
What is the Keltner Channel in Bitcoin?
The Keltner Channel in Bitcoin is a technical analysis indicator that combines moving averages and volatility measures to determine the expected range of price movements. It consists of three lines: a center line based on the average price, and upper and lower lines set at a multiple of the standard deviation away from the center line. Traders use it to identify potential buying and selling signals when prices cross these lines.