Shiff Pitchfork story continues...
Note
Bitcoin tried to get through Pitchfork's Median, but it fails and price was pushed down back below Level 0.5. of Pitchfork (white dash line). This level can be considered a resistance.As a support we can serve Level 1.0 (blue line).
Im curious how Pitchfork will work.
Note
Bitcoin is back above 0.5 level. So the door to Median are open again.Note
If Bitcoin exceeds white dashed line, then $5800-$6000 is realiable target.Note
The doors to $5800 are openTrade closed: target reached
"Red" Warning Line made a pretty good job and my long positions were closed with profit.
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Disclaimer
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.