BitcoinLong
Bullish Pitchfork
This Schiff fork is showing some relevance and should be monitored moving forward. This rally may carry on fairly straightforward until we approach the median line which has acted as resistance before (red arrows).
Pitchfork-type analysis is rare on TV but has it's time and place. Best practice is to draw a potential one and then see whether future price action respects the already-drawn fork. This fork was drawn using anchor points labeled 1,2,3.
Pitchfork-type analysis is rare on TV but has it's time and place. Best practice is to draw a potential one and then see whether future price action respects the already-drawn fork. This fork was drawn using anchor points labeled 1,2,3.
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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.