Hi guys.. as you can see Bitcoin interacts just perfectly with our pitchfork so i hope you dont miss this important lines.
I am neutral because we hitted the support, that i showed you in my last idea. Now, the trend could be continued and we will hit our next support @115.XX
But, maybe this support is hard enough and we will continue or bigger upwards trend from July.
Then we have a lot resistances to pass. 1. Red Line: @135.XX 2. Relativ last high @148.XX
The next target should be at 0.5 fibbo-pitchfork level, but it is a little bit naiv to believe that the price will jump that high... BUT i don't exclude this option.
Stay tuned, take a moment and look trough this chart and use it for your trading! :)
Thank you for reading :) Feel free to subscribe me.
That is not a valid pitch fork! you cannot place the A, B and C anywhere you fancy
AndreyB
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It works, if it's valid or not i don't give a f..
MRS_Watanabe
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said like a true analyst! So reading tea leaves & chicken entrails is valid if it works? Andrey was trying to be constructive in my criticism. Your pitchforks are not valid, what you have is not a pitchfork but a series of support and resistance lines, a real pitchfork needs A,B and C anchored at significant turns in the market.