First off, i know thats not how pitchforks are technically used, but its the easiest way to draw a lot of parallel lines.
Using the 233 MA for the areas shown. Blue is over 233 MA, orange is below.
If it continues to follow '13-'14, then we should go up to about 11k before coming back down.
Where I divert, is that I dont (want to) believe we will see 3k BTC, which is what the complete fractal would mean. If I had to call a floor, I'd say its somewhere in the 4.8 - 5.5 range.
Remember: Pick your spirit animal wisely. We're all long in the long run.
Notice: This is not trade advice, and I reserve the right to change my opinion without notice. Please do not follow my advice.
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