A break below the downward pitchfork, support @$25 A hold of the upward pitchfork = $41, especially above the $34 resistance level. Good trading, remember to set your stops
Downward pitchfork has held as resistance. downside support: $350. Good trading, brought to you by MarketIntelligence.net
As long as the upward pitchfork is not beached at $30, $40-$42 is in play. Good trading
Reacting from the latest bid in Btc, and Ltc currently holding support at 3.40 A break into the upper pitchfork is in play. Resistance at 4.60. Good trading
The Pitchfork strikes again. Btc 460 hit this week. New range = 435-460
As the pitchfork continues to show accurate levels, support and resistance are as as follows: $425 - 500 restest of the previous 500 high in november/b] Trade volume: USA - 1.8m Exchanges: Bitfinex China - 77m Exchanges: Huobi , OkCoin Resistance: 500 Support: 360 Long position target: 435 Short position target: 418
pullback to 360 support before a continuation move up. Good trading
Recent support at 320 has held for now. Barring unforeseen events, we should revisit 400-420 before hitting resistance.
Dragon Breathes Fire...In the Dragon Analytics system, this represent an equilibrium or base phase. Buyers and sellers are temporarily in agreement on value and price. Until Btc breaks out higher or lower, expect this sideways level to hold; approximate levels: 300-350. Happy Trading.
With a stop at 42.50, a break of the lower pitchfork line, crude it setting up to test the median line at $60. 1st line of resistance = $47.50.
A healthy pullback to the moving averages suggests 260-280, which will be a higher low and good discount for a long position back to 330. Downside risk is the red median line at 240.
The Andrews Pitchfork system strikes again as the Btc price hit the median line right at 320. Some resistance is to be expected, followed by a retest and possible push higher. Good trading.
Support at $202 resistance @ $212, High probability = re-test of the pitchfork median line @ $202-205. MarketIntell.net tells the daily story. Good trading
Here is an Andrews Pitchfork setting the stage for a run to 300 and resistance levels. Happy Trading.
Pitchfork Analysis of Btc september 2011 to early 2013 infancy reveals this currency trades, (and will trade) as any asset class.
A quick look at the Dragon Analytics Pitchfork Analysis of the long term Btc outlook. Overall trend remain up until we break and confirm 200. Ocean surface declining, but remains at 375. Upside resistance declining, currently at 300.
Break above 440 look for retrace to 500+. Breakdown below 340, look for retrace to 275-300 low. Happy trading!