Longterm Bitcoin Chart (Pitchfork / Ichi Clouds). I drew the bottom pitchfork originally in 2020, taking the highs and lows of the 2017-2018 cycle. I drew the larger pitchfork in 2024.
Reactions off this pitchfork have been validating. Also the bounce off the weekly ichi cloud is key. Look how it reacted in 2021.
My target is $118k with potential for a blow-off extension and I have no targets for that yet. In 2021 the upper bands of 2017 cycle acted as support, then we saw twin peaks. Would like to see the same reaction on the latest pitchfork if we do extend past $120k.
Making this now as I realize I should've published years ago and have no way of proving it. Nothing here was modified or changed to better fit the lines. I will not make any update until the bear market, although may provide revised upside targets once $120k is claimed.
BTC $Pitchforks $clouds
Reactions off this pitchfork have been validating. Also the bounce off the weekly ichi cloud is key. Look how it reacted in 2021.
My target is $118k with potential for a blow-off extension and I have no targets for that yet. In 2021 the upper bands of 2017 cycle acted as support, then we saw twin peaks. Would like to see the same reaction on the latest pitchfork if we do extend past $120k.
Making this now as I realize I should've published years ago and have no way of proving it. Nothing here was modified or changed to better fit the lines. I will not make any update until the bear market, although may provide revised upside targets once $120k is claimed.
BTC $Pitchforks $clouds
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