Bitcoin
Long
Updated

Bitcoin Bear Market Rally

462
BTCUSDT

After BTC perfectly dropped to the "energy point" , (intersection of the two green median lines) price has managed to break out of the minor green fork.

The next logical target would be the U-MLH of the major green fork.

I plotted two paths to the U-MLH of the major fork with an Andrews and Schiff Pitchfork using two different origin points.

I'm expecting price to follow the path of either the blue or red fork, and make it's way to the U-MLH of the major green fork in the $28k - $32k range.


Fat_Fat
Note
Original Idea using the two green forks to forecast the bottom.
Bitcoin's Journey to $20,000
Note
Not looking good guys... MAYDAY MAYDAY

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