By following this fractal (Spring/Summer 2015) we could expect to see a retest of the December highs @~$4200. It is unlikely that a pattern will be replicated exactly, but this fractal lines up very nicely with the pitchfork formation.
Near term the clearing of this median line on the daily and the 50DMA gives bitcoin enough impetus to go test the 100DMA.
On the intraday, a push towards the upper slope of this pitchfork is expected. A break of this level and we eye up the 61.8% extension
Near term the clearing of this median line on the daily and the 50DMA gives bitcoin enough impetus to go test the 100DMA.
On the intraday, a push towards the upper slope of this pitchfork is expected. A break of this level and we eye up the 61.8% extension
Kommentera:
Already spiking into that level
Kommentera:
Another pitchfork formation
