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