entertheroach

Somebody gave BTC an early Pitchfork for Christmas

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Let's have a look at $BTC again. BTC is so close to making a new All Time High. If we look at the weekly chart, we can see that at the moment, BTC as found a bit of resistance at the upper Pitchfork Resistance Line. Depending on when BTC breaks through it and depending on when it breaks through it's 100% Fibonacci Resistance Level which is its ATH , then there is a clear run up to around $23,100 which is the last resistance of our Pitchfork Pattern. If BTC goes parabolic after that breakout then the next level of resistance is the 161.8% Fibonacci level at around $29,529. This really looks like it is the year that every hodl-er has been waiting for, but this time backed up by real Volume instead of speculation! I hope this is helpful. Good luck. πŸ‘πŸ”₯ πŸš€πŸŒ”

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