Bitcoin Long Term Uptrending Pitchfork
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Since 2015, this trend has been held within the pitchfork very nicely.
Also note how RSI double tops just as price attempts to exit the upper quartile of the pitchfork and fails. I'm expecting a similar outlook for the completion of the next rally.
Also note how RSI double tops just as price attempts to exit the upper quartile of the pitchfork and fails. I'm expecting a similar outlook for the completion of the next rally.
Nota
most conservative target for the move is 818 based on median lineNota
Median Line Hit - Next Target = Next Quartile resistance, about 1000-1100Nota
expect resistance as price approaches upper diag, around about 1050Nota
Price went from upper quartile to lower quartile in a matter of 6 days. That has to be some sort of record.Nota
PF still holding steadyNota
bouncing up from ML = bullishNota
on diag resistance atmif it breaks, look for a reach of the next diag up.
Nota
clearly above pf diags - approaching parabolic conditionsML is mean so expect price to wick to ML w/pullback
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