Updating my last pitchfork idea for BTCUSD here, I think we will complete the edge to edge by testing the $10k price range. This is using an updated chart index I threw together compiling 8 difference exchanges across 4 different countries/currencies. Watch for price action to bounce on significant volume from this area. If we break the pitchfork all bets are off and I would wait to open long positions. This also aligns with my bearish gartley call a week or two ago with the targets being teh 1.272 and 1.618 fib extensions of the CD wave.



*NOT TRADING ADVICE*
Trade active:
Upper target hit
Comment:
Bounced off of 0.618 fib line as a retest, resistance held and now we are looking to break the pitchfork. See my more recent posts for targets.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.