BTC: The Not-Peter-Schiff-Pitchfork
Its a good video to skim through and see if you like this Schiff Pitchfork's placement and values and take the values and use it for yourself. That is what would make me the happiest.
I think on the 4hr and 1hr BTC looks ok-good, but on the other timelines it looks horrible. We are near the main trend line. It historically has come back to this line to touch when it comes down.
I would think it normal to see the neckline of the head to form its base around a dip between 34-37k and forming a new base for upwards movement there.
Moving up from here whiteout a dip only worries me at the green line (around 47k-47.5k at the moment).
It has upwards movement as I post this, but I remain skeptical on its strength.
I think on the 4hr and 1hr BTC looks ok-good, but on the other timelines it looks horrible. We are near the main trend line. It historically has come back to this line to touch when it comes down.
I would think it normal to see the neckline of the head to form its base around a dip between 34-37k and forming a new base for upwards movement there.
Moving up from here whiteout a dip only worries me at the green line (around 47k-47.5k at the moment).
It has upwards movement as I post this, but I remain skeptical on its strength.
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