Bitcoin (#BTC) How Pitchfork works no.2

Shiff Pitchfork story continues...

Comentário:

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.

Comentário:

Bitcoin is back above 0.5 level. So the door to Median are open again.

Comentário:

If Bitcoin exceeds white dashed line, then $5800-$6000 is realiable target.

Comentário:

The doors to $5800 are open

Trade fechado: objetivo atingido:

"Red" Warning Line made a pretty good job and my long positions were closed with profit.