Alone At The Party BTC/USD pitchfork #Bitcoin #btc #crypto
Bitcoin hasn’t actually closed above that purple middle line since 2018 . We’ve bumped into twice now , in 2019 and just recently . That’s called a Schiff and I find it does seem to fit certain charts , it fits bitcoin pretty well going straight back to 2018 , so perhaps this has some staying power . Whilst closing above that purple line where the red flags and red arrows are would be a sign for continuation , it has not happened yet . Our last spike was about a week ago . I’ve said before that I expect Bitcoin might wick up to 12400 area or even 13k area but since we’ve already had quite a rise since March dump- I would really be expecting a hard retrace at some point after that or soon . I seem to be “Alone At The Party ” on this one though . As many others on here are for 17k to come this year . I am not expecting that high a price this year . And although I’m long-term I may be mid-term since I’m really expecting 5k area next year in 2021 ( with possible spikes lower .) But again , I seem to be Dancing With Myself here on this one as everyone else is crazy champagne guy .