Price is moving along the warning line 1 as support. Look to see if price rises from here as it is possible to try to retest 2698-2700 area.
Price is extending up to the sliding parallel. We need to gain more momentum to continue to the middle median line.
Price is coming down to find support. Look for 2681 and 2675 as possible areas of support. We may be in a range before possibly trying to go higher.
SandP 500 Index Back to the Future This could be a fractal of Bitcoin on a one minute chart. In fact it's the SandP monthly chart. But instead of being up 50% in 24 hours, the SandP has taken 24 months to rise 50% from 1800 to 27,000. Same thing, just slower. Both are very popular, the SandP attracts 'old' money and Bitcoin 'new'. As per older comments,...
Price is breaking out of the fork. Look to see if price will come down to 2675 and find support.
Price is at resistance at this sliding parallel. Look to see if price can break through and continue to the middle median line set.
Price has come down to test the sliding parallel, as well as has formed support at 2681 area. Price should continue up from here if we can break the downward action reaction set.
I adjusted the pitchfork a bit to capture the recent price moves. We have good frequency on the sliding parallel above. Look to see if price can try to break 2700 before the end of the week.
Price has broken higher above the sliding parallel. Look to see if price will come down and test as support before moving higher.
Price has continued higher. Look to see if price comes down to touch the warning line 1 before continuing higher.
Price has broken through warning line 1 look for it to come down and retest as support before continue to warning line 2.
Price is gaining momentum. Look to see if price can break this sliding parallel, and test as support and continue higher towards the median line.
Price is moving across the sliding parallel and the lower median line parallel. Look to see if price continues higher from here on support.
Price has hit resistance at 2673 area. Look to see if price will come down to test 2663 again.
Price is continuing to try to push higher. Look to see if price can climb through warning line 1 and continue upwards, or if we will just continue to upwards.
Price is extended and has hit the warning line 1 two times as resistance. Now we are trying to push through and continue higher to warning line 2, but lets see if it works.
Price has risen to the next resistance level at the next sliding parallel. Look to see if we can break higher, or if we will pull back from here.
Price has come up to hit the sliding parallel and drop down to 2658 as support. Now we are looking to see if we can push higher. Look to see if price comes back down to support at 2658, or tries to rise here on support at 2665.