A volatility-based technical analysis indicator displaying a moving average line in the center of the channel, along with channel lines above and below the moving average line. Keltner Channel indicator is comparable to Bollinger Bands, which set their bands using the standard deviation. The Average True Range (ATR) is used by Keltner Channels to determine channel distance instead of the standard deviation. Usually, two Average True Range values are established above and below the 20-day EMA for the channels. The ATR determines channel width, while the exponential moving average determines direction. With the use of channel breakouts and channel direction, Keltner Channels, a trend-following indicator, can be utilized to spot reversals and trend directions. When the trend is flat, channels can also be utilized to spot overbought and oversold levels.
Today we take a look at the technicals for Bitcoin and Ethereum. The crypto market has been quiet for several months. On Friday we detected unusual dark pool activities (large block orders) in the Bitcoin Trust Fund and Ethereum Trust Fund, GBTC and ETHE respectively. When smart money know something, they place large orders in the dark pool exchanges, away from the public eye. By doing so, they are positioning themselves ahead of the crowds, in order to benefit from move that will follow, once the news or report is made public. However, dark pool activities do not tell us the direction of the next move. It only tell us that a large order(s) has been placed. Only a breakout (bullish) about a resistance level, or a breakdown (bearish) below a support level can confirm the direction of the next move. So, what can we expect next? Watch this video to find and to get the technical insights. Good trading! Trading Risk Disclaimer All the information shared is provided for educational