BTC
Drew the red projected price line on 021520. Looking for 1.618 extension and bounce off the 200% pitchfork.
EDIT: The date on the chart incorrectly states 021519 this should read 021520.
EDIT: The date on the chart incorrectly states 021519 this should read 021520.
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Note
Correct date aboveNote
forgive the clutter. the 1.618 extension is also the target for the head and shoulders pattern
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Red trace did come to fruition, albeit in a slightly different path. Looking for a recapture of 10 K at least (red dotted median line is optimal). MFI/RSI scrolling up from oversold territory.Note
Bounce off of 100% pitchfork lines (red parallel pitchfork channel line) usually return to the median line. Lets see what happens!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.