This is the early stages of BTC's move to new highs.
Here is a midterm price projection with the short-term action overlaid.
This is the juncture of two Pitch Forks, one accelerating.
Here is the beginning of the
nice money-making Pitch Fork
This shows the peak at the top of the Pitch Fork & then an attempted recovery.
Bitcoin was starting another move
higher but was stopped in its tracks
A week before the above chart,
this was my prediction of BTC
I believe this is why the advance was thwarted. The big boyz wanted to get in.
Here is where the parabolic advance
was stopped as
BTC had a huge
spike up on 4/2/19 because it broke the long-term (black) trend line
As you can see
on this chart, there are blue lines converging around May 2019
One of my
theories is that there are energy points in the future that pull the
spike sure makes my theory more valid.
BTC did spike through the focal point.
BTC is near the top of its pitch fork & would actually top out a few days later.
On this chart you can see that a
break out above the mid-term dashed line
Then, on Oct 22, 2019
Former CFTC Commissioner Christopher Giancarlo
BTC is in a down trending fan.
BTC is now
being suppressed by the US Government &