Bitcoin Long Term Uptrending Pitchfork
Updated
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.
Comment
most conservative target for the move is 818 based on median lineComment
Median Line Hit - Next Target = Next Quartile resistance, about 1000-1100Comment
expect resistance as price approaches upper diag, around about 1050Comment
Price went from upper quartile to lower quartile in a matter of 6 days. That has to be some sort of record.Comment
PF still holding steadyComment
bouncing up from ML = bullishComment
on diag resistance atmif it breaks, look for a reach of the next diag up.
Comment
clearly above pf diags - approaching parabolic conditionsML is mean so expect price to wick to ML w/pullback
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