Bearish Pitchfork to Continue BTC Downtrend

BTCE:BTCUSD   Bitcoin / U.S. Dollar
81 0
The following modified Schiff fork seems to be a good downward guide for price. The numerous ellipses highlight where price reacted to the parallels of the fork and the fork therefore has a high level of validity. Maintain short positions while price remains inside the fork with an initial target at the median line of the fork. If very strong downward action develops we may dip all the way down to the lower parallel. A sustained break above the fork would put the bearish case into question and may be a good indicator to lighten up on shorts.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out