kdenery

BTC Logarithmic Pitchfork Channels (Bearish)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Based on a log channel I show much more of in the related post below, BTC Logarithmic Pitchfork Channels ( Bullish ), and assuming Bitcoin needs a lot more time to consolidate, I could see us dropping down to channel 3, and possibly even a brief panic sell dip into 4. There are many ways we may get down there, as illustrated but the mess of arrows, but I think the trendlines of the pitchfork along with the wedge's top and bottom will serve as lines of resistance and support and we make our way down.

Personally, I'm bullish on BTC , but you can read much more about this "bearish" outlook in my main post,The "Bearish" Case For Bitcoin
Comment: Just checking back on old Ideas and I see in this one, shes really struggling to stay in the channel. fingers crossed
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out