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Cousin_Fat_Fat
Aug 14, 2022 7:14 PM

Bitcoin Bear Market Rally Long

Bitcoin all time history indexINDEX

Description

BINANCE:BTCUSDT

After BTC perfectly dropped to the "energy point" , (intersection of the two green median lines) price has managed to break out of the minor green fork.

The next logical target would be the U-MLH of the major green fork.

I plotted two paths to the U-MLH of the major fork with an Andrews and Schiff Pitchfork using two different origin points.

I'm expecting price to follow the path of either the blue or red fork, and make it's way to the U-MLH of the major green fork in the 28k - 32k range.


Fat_Fat

Comment

Original Idea using the two green forks to forecast the bottom.

Comment

Not looking good guys... MAYDAY MAYDAY
Comments
Great_Reset_Investing
this is still probably right, mainly cos it's similar to this
Great_Reset_Investing
Great_Reset_Investing
spot on
KryptoPioneer
What a great analysis, thank you!
Cousin_Fat_Fat
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