Simple is the best, like I told you.
Let's be simple and clear.
We can imagine that the current price of BTC is creating the handle of the HUGH giant cup.
I tried to figure it out that the pattern is cup and holder, but I failed.
Because there is no tool to estimate angulated value.(You might do not understand what I am talking but it is true).
The handle is now available at 1/2 point of Pitchfork level.
No one without the REAL WAHLES knows which level is the bottom of the handle.
Only the time will "show" us the real bottom of the handle.
The first red line(the top of three red lines) is 1/3 of Pitchfork midline, the second one is 1/2, and the last one is 2/3.
Take a breathe and just enjoy it.
BUT I do believe 2/3 level is the real one that we are looking for.
Let's be simple and clear.
We can imagine that the current price of BTC is creating the handle of the HUGH giant cup.
I tried to figure it out that the pattern is cup and holder, but I failed.
Because there is no tool to estimate angulated value.(You might do not understand what I am talking but it is true).
The handle is now available at 1/2 point of Pitchfork level.
No one without the REAL WAHLES knows which level is the bottom of the handle.
Only the time will "show" us the real bottom of the handle.
The first red line(the top of three red lines) is 1/3 of Pitchfork midline, the second one is 1/2, and the last one is 2/3.
Take a breathe and just enjoy it.
BUT I do believe 2/3 level is the real one that we are looking for.
Comment:
This analysis is valid if we are bullish in near future.
Comment:
If 4K level is broken, there will be more pain than you thought.
1.8K.
1.8K.