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.
Bitcoin is back above 0.5 level. So the door to Median are open again.
If Bitcoin exceeds white dashed line, then $5800-$6000 is realiable target.
The doors to $5800 are open
Trade closed: target reached:
"Red" Warning Line made a pretty good job and my long positions were closed with profit.