I am looking for channels formed by this up-sloping Andrews Pitchfork tuned with Fibonacci ratios. As of this note, 12/4/13, BTC price is contained within the 68.1 and 78.6 Fibonacci. Price could collapse below the median line, could collapse below the lowest bold gray line, could collapse all the way to the green dashed line and still, long term, be influenced by these simple channels left long term on even a logarithmic chart. * chart is subject to change based on broken forks! ;->
Price could also climb to the bold gray line (100% on fork) very soon, but as long as I've got this median line in tune then it's always a target going forward. (so as high as 2050 on Jan 1 is possible) and I'd find no reason to adjust the plot.
Price could also climb to the bold gray line (100% on fork) very soon, but as long as I've got this median line in tune then it's always a target going forward. (so as high as 2050 on Jan 1 is possible) and I'd find no reason to adjust the plot.