Bitcoin has recently picked up a pitchfork created from the past low at 3k and the previous bearish trend from 7800-5500. It recently moved all the way from bottom to top of the pitchfork suggesting it is most likely to retrace all the way back through from blue line to blue line (as it did). I expect another touch of the bottom blue line on this daily before a jump back to the red median magnet line that coincides with the 0.236 fib.
Entry: 10200
Target: 11800
Stop Loss: 9880
Entry: 10200
Target: 11800
Stop Loss: 9880
Trade closed: target reached:
Took profit at 11800, accumulating down here in the lower 11000's as it touches the green pitchfork line. Next target is the supply zone at 13400.
