Possible Bitcoin Scenario

3 thg 4, 2018

Ok what I have here are two pitchforks. The first I drew in blue and on a logarithmic scale you can see it respected the forks all the way up to the high in December. So I used data from April 2017 to July 2017 and Bitcoin respected each level respectively. Okay So fast forward to today. I drew a descending pitchfork using data points from mid December 2017 to March 2018 roughly the same time frame as the first pitchfork with a 150 day projection forward to around August (as you can see from the first pitchfork April to December 150 days is where I am getting this from). I am really interested to see if bitcoin respects this downtrend pitchfork. You can see the top of the descending fork that blue line we will be testing it in the next week. I will be looking for either a break out or a rejection and possibly come back down to the 6000s. I really want to see at least a 6k test to put in a triple bottom (you can see the thick yellow line). Realistically I think 4800$ at around May can happen. I just am afraid the down trend could be sharper than I am imagining it to be. However regardless of the price October is a HUGE fibonacci time series so if we do fall a lot I could see another aggressive fall/winter rally.