For instance, when Guppy first turned green in April 2019, the move prompted bitcoin to register a supersonic price rally wherein it swelled by 235 percent<\/a>. Similarly, when Guppy switched back to red in September 2019, the bitcoin price followed by plunging 35.87 percent (data from Coinbase).<\/p>\n The technical indicator acted similarly during bitcoin’s boom-and-bust between the years 2017 and 2018<\/a>. It remained green against the cryptocurrency’s climb to its all-time high of circa $20,000 but switched to red on the first signs of a downside correction. Later in December 2018, the price crashed towards $3,120.<\/p>\n On January 19, 2020 \u2013 the day bitcoin established a local top of $9,194.99, its Guppy indicator flipped back to green, showing that a total of six short-term MA waves jumped above another six long-term MA waves. The move helped confirm a price trend towards the north.<\/p>\n $BTC<\/a> 1D<\/p>\n Guppy has gone green.<\/p>\n Surprised how this flew under the radar considering this was one of CTs favourite meme back in '18. pic.twitter.com\/j9ANKhlzNN<\/a><\/p>\n — Hsaka (@HsakaTrades) January 24, 2020<\/a><\/p><\/blockquote>\n![\"bitcoin,](\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/bitcoin-price-27012020-1.jpg?resize=860%2C443\")
<\/a>The Latest Bitcoin Guppy Bias<\/h2>\n
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