BITCOIN - Pitchfork Support & Resistance (Update)
Updated
We use the level of the Pitchfork to determine possible Sell- and Buy-Entries.
As mentioned in yesterdays idea (linked below), the price headed back to our Trendline.
I'm expecting the price to retrace to the SMA right next to our Resistance Zone (Purple Area),
followed by another leg-down.
Position: Short
Open: Entry (Sell) 8100.00 Area
Close: Trend Line (Pitchfork)
I will update this chart accordingly!
THANKS! For all the positive feedback im receiving lately.
Leave a thumbs up if you like this idea and Follow me for more updates!
Feel free to support my on Patreon.
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
As mentioned in yesterdays idea (linked below), the price headed back to our Trendline.
I'm expecting the price to retrace to the SMA right next to our Resistance Zone (Purple Area),
followed by another leg-down.
Position: Short
Open: Entry (Sell) 8100.00 Area
Close: Trend Line (Pitchfork)
I will update this chart accordingly!
THANKS! For all the positive feedback im receiving lately.
Leave a thumbs up if you like this idea and Follow me for more updates!
Feel free to support my on Patreon.
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
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