Late last year I drew up a pitchfan for Bitcoin as a bit of a laugh. Turns out that it may be the sing most accurate Bitcoin chart I've ever made. It predicted six major events in BTC over the past few months.
With this in mind I believe that the next big resistance after 10K is going to be the median line of the pitchfan (currently around 12K). The current bottom seems to be about 6.8K.
Happy trading!
PM me for entries or targets.
Comment
⋅
The line the forms the bottom of the blue zone has been a MAJOR plot point 7 times in the past two years. Seems to me like it is being tested again.
very nice sir... i didnt produce a fan such as this but have drawn out several long term upward sloping support lines. one of which "just like in your chart" has followed the rules having an increasing bottom as the months pass. Let the jockeys rabble on for their short term, but you and I know that it will only be greener pastures from here my friend. This long term price action reflects on the virtue of patience
Cheers