This is for the kind of people who fancy ❤️ pitchforks 🔱
Do you know the "American Gothic" painting. You know,... that painting with an old couple, house on the back, and the man wearing overalls, jacket, and carrying a pitchfork?! Yeah, that one! Well,... this is about pitchforks, more specifically, pitchfork indicator.
This is the ETHBTC pair with the exactly same pitchfork for the price action until June 2018 and for the current date at February 2021. For each date/year you have the same chart on both the linear and log scales. You might have noticed as well, that instead of the more "usual" 3 points #1 low, #2 high, #3 low, I'm doing the #1 high, #2 low, #3 high here.
Jun 2018
From late December 2016 to mid June 2017, this baby went from approx. 0.007 BTC to almost 0.16 BTC, which represents a ~2000% increase. From that top, we this pair went down hard.
Linear Scale
Log Scale
February 2021
Price action for ETHBTC to the current day.
Linear Scale
Log Scale
I appreciate how the same pitchfork catches almost perfectly both linear and log scale price action. The linear scale for the correction that followed the peak, and the strong rejection on the middle line of the pitchfork. And finally, the log scale for the continuation of the correction and accumulation until the present day, and the same lines that now define possible targets for the ETHBTC pair.
You may go get your hands on more ETH now ;)
This is the ETHBTC pair with the exactly same pitchfork for the price action until June 2018 and for the current date at February 2021. For each date/year you have the same chart on both the linear and log scales. You might have noticed as well, that instead of the more "usual" 3 points #1 low, #2 high, #3 low, I'm doing the #1 high, #2 low, #3 high here.
Jun 2018
From late December 2016 to mid June 2017, this baby went from approx. 0.007 BTC to almost 0.16 BTC, which represents a ~2000% increase. From that top, we this pair went down hard.
Linear Scale
Log Scale
February 2021
Price action for ETHBTC to the current day.
Linear Scale
Log Scale
I appreciate how the same pitchfork catches almost perfectly both linear and log scale price action. The linear scale for the correction that followed the peak, and the strong rejection on the middle line of the pitchfork. And finally, the log scale for the continuation of the correction and accumulation until the present day, and the same lines that now define possible targets for the ETHBTC pair.
You may go get your hands on more ETH now ;)