Well the impending move higher & back
into a parabolic up trend was thwarted by the
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
Bitcoin was on its way to new highs.
BTC had a huge
spike up on 4/2 because it broke the long-term trend line
As you can see
on this chart, there are blue lines converging in early 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.
action was thwarted as it moved toward the energy point by the