Long Term Pitchfork of BTC on Bitfinex

Long-term pitchfork with pivot on the flash crash low of $100 on 2/10/2014. Peak at $19,891 on 12/17/2017 and trough at 2/6/2017.

Price grinding along the blue 1x bottom of the pitchfork for the past two week before, before popping up to the light blue .786 Fibonacci line.

Orange down-trending line from the low on 1/17/2018, providing support for today’s candle.