Relatively conservative bullish long term monthly upward trend
I don't know how to properly us pitchforks...but I just based the centerline on the general upward long term trend. Key resistance points for centerline being on the $6,400 break down in end of 2018. Also rise to $14,000 in June of 2019. Also rise to $64,000 in April of 2021.
I drew in red and green months for the future, the length of movement is randomly hand drawn by me...but the color of the month is oppositely correlated to the initial blue line touch point after November of 2013 down to the centerline in August of 2015. I'm using Bitstamp here.
My estimated price points for the future go up to about $150,000 in March of 2024 just before the halving. I didn't draw it going back to the centerline (like it did from 2013 to 2015) because that just seems too crazy for people to want to entertain (which would put btc at $1.5 to 1.7 mil before end of March 2024).
I left RSI in for fun, as well as my other horizontal resistance price points
I drew in red and green months for the future, the length of movement is randomly hand drawn by me...but the color of the month is oppositely correlated to the initial blue line touch point after November of 2013 down to the centerline in August of 2015. I'm using Bitstamp here.
My estimated price points for the future go up to about $150,000 in March of 2024 just before the halving. I didn't draw it going back to the centerline (like it did from 2013 to 2015) because that just seems too crazy for people to want to entertain (which would put btc at $1.5 to 1.7 mil before end of March 2024).
I left RSI in for fun, as well as my other horizontal resistance price points
Penafian
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