FibnFork

Pitchfork finally broken

BITSTAMP:BTCUSD   比特币
Bitcoin has finally broken this 5 month pitchfork formation to the upside & straight into another key level of resistance being the 61.8% retrace off the Oct->Dec decline & the 161.8% extension off the Dec->Jan move. The 100DMA being close by at ~$9100. So if bitcoin does stay above this new slope support, it's looking constructive to perhaps re-test those June/July highs. A break above 70 RSI would likely accelerate those gains coupled with resistance breaks.

Weekly also needs to close above the slope

Potential 4hr pitchfork
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