IAmSatoshi

Bitcoin Long Term Uptrending Pitchfork

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
53
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.
Comment: most conservative target for the move is 818 based on median line
Comment: Median Line Hit - Next Target = Next Quartile resistance, about 1000-1100
Comment: expect resistance as price approaches upper diag, around about 1050
Comment: 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 steady
Comment: bouncing up from ML = bullish
Comment: on diag resistance atm
if it breaks, look for a reach of the next diag up.
Comment: clearly above pf diags - approaching parabolic conditions

ML is mean so expect price to wick to ML w/pullback

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