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Bitcoin (BTC)



This is the early stages of BTC's move to new highs.
If you are reading this you know Bitcoin is much higher now.

The colored pitchfork below is based on price/energy peaks.
(Note the top and bottom are at price extremes.)

Many people know all about trend lines and even technical analysis.

This is different.

It actually shows and predicts the overall trend.

You can see if something is going up, down or nowhere.

The blue parallel lines show another pitchfork-like trend
with obvious tops and bottoms.

As you will see in the charts below,
it indicates the price is accelerating as its rate of ascent
is steeper than the pitchfork.

Another pitchfork will emerge from peak prices within those blue lines.




Here is a midterm price projection with the short-term action overlaid.

The price actually did move up into the steeper pitchfork from the lower one
and reached $13,000 in 2018.



A close up of the above chart shows the two overlapping Pitch Forks, one accelerating.



Here is the beginning of the nice money-making Pitch Fork
as BTC followed it to its all time high.



This shows the peak at the top of the Pitch Fork and then an attempted recovery.

Bitcoin was starting another move higher but was stopped in its tracks
due to an engineered take down.



A week before the above chart, this was my prediction of BTC
going to $1 Million in just over a year.

Many believe the price was engineered lower to slow the advance.



Here is where the parabolic advance was engineered
below the lower black parallel, support line.



BTC had a huge spike up on 4/2/19 because it broke the long-term (black) trend line
going back to the Dec 2017 top on 3/29/19,
then it moved over the 200-Day Moving Average and really popped.

As you can see on this chart, there are blue lines converging around May 2019
 to an energy focal point which I started showing last October.

One of my theories is that there are energy points in the future that pull the price
towards them (W.D. Gann saw these too) and
then cause significant moves as the price passes through them. 
I have been adding blue lines since October and they all fit very well.

 The recent spike sure makes my theory more valid. 
The top of the pitchfork to the left is the one that
perfectly tracked the last move in BTC to over $20,000.



BTC did spike through the focal point.



BTC is near the top of its pitch fork and would actually top out a few days later.



On this chart you can see that a break out above the mid-term dashed line
was thwarted for the third time.

In addition, the breakout above the shorter term solid, black down trend line was also reversed.
Finally, the blue up trend lines showing acceleration were broken.
At the time I said "Somebody is holding BTC down."

Then, on Oct 22, 2019 Former CFTC Commissioner Christopher Giancarlo admitted
the Federal Government thwarted the 2017 bull market.
So I have no doubt they were in here stopping this advance.

My technique was predicting a run to new highs on this move but it was not to be.



BTC is in a down trending fan on this chart.



Here is an example of price suppression.


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