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IAmSatoshi
31 oct. 2016 02:03

Bitcoin Long Term Uptrending Pitchfork Long

Bitcoin / U.S. dollarBitstamp

Description

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.

Commentaire

most conservative target for the move is 818 based on median line

Commentaire

Median Line Hit - Next Target = Next Quartile resistance, about 1000-1100

Commentaire

expect resistance as price approaches upper diag, around about 1050

Commentaire

Price went from upper quartile to lower quartile in a matter of 6 days. That has to be some sort of record.

Commentaire

PF still holding steady

Commentaire

bouncing up from ML = bullish

Commentaire

on diag resistance atm
if it breaks, look for a reach of the next diag up.

Commentaire

clearly above pf diags - approaching parabolic conditions

ML is mean so expect price to wick to ML w/pullback
Commentaires
snatly
Thanks Josh. Gotta admit it's been a brutal few days - puts it in perspective
IAmSatoshi
@jonnyfram, bullieve in the fork!
zippy1day
Very good we think alike

Thanks this year for your educated TA! Happy & Prosperous 2017.
IAmSatoshi
@zippy1day, glad you've enjoyed the TA - I hope your 2017 is happy and prosperous as well!
Tradelive
Very nice! Keep posting I love learning from the bests!
rhb_3000
Can you pls update chart with current view?
Daxxi
@rhb_3000, Did you not click the "play" arrow / button on the chart?
rhb_3000
@Daxxi, thanks mate! Got it!
Mantrid
it's escaping, get it!
Mantrid
pretty bird.
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