Hello everyone, recently I learned about pitchforks and tried to draw a few. it predicted the 9800 pretty accurately but I'm not sure I draw the right or not.
if anyone knows how to use pitchforks please feel free to let me know in the comments.
by analyzing the price movement and RSI and MACD, we can see that price is kept in the same level but both MACD and RSI are moving upward, personally I think the price will soon move to the upside but I don't think it would be a huge move.
I think the triangle everyone is looking for has been broken, (from what I gathered from RSI) and bitcoin is trying to get back on the support line that was with the trend to 13000 (DARK GREEN), but so far it's getting away from it and things don't look very good at this point. I've showed a few key points in my chart that I think have played their part and soon...
Hello everyone, this is my first post here, I have been studying trading for a while and trying to figure out the market.
this is what I came up with all the information I have gathered so far.
tell me what you think in the comments.