TradingView
FibnFork
Mar 5, 2020 9:56 AM

Bitcoin pitchfork 

Bitcoin / U.S. dollarBitstamp

Description

This pitchfork still dictating price action, even after brief false break in February.
Current resistance level is the median line, support is the 200DMA.
Break through here and a retest of $9500 is likely, fail and a push back to 200DMA.

Short-term pitchfork

Comment

Just a note the pitchfork on bitmex is very different (bitstamp wick was much lower)
so we arent near the median line, the 38.2% retrace is key level
More