Pitchfork Based BTCUSD Projection

The most recent BTCUSD pivots on the 2H chart show a potential move to the upside where BTC is expected to meet the Median Line of this pivot set. If, however, BTC price fails in that highlighted key area, it might set up a new pivot set with a down-sloping Median Line that will serve as a potential target area for the next round of selling. The concept is here is to track pivots sets and adjust the entries accordingly. The important and, somewhat, misleading point in this is to know when there's a pivot. The highlighted area will provide a hint at that. In case of questions, drop a line in the comments section below.

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BTCUSD Update

It seems there was a pivot. We can project next pivot set from here.

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Update

Correctional formation towards the Median Line of the new set. The last pivot might be still in progress.

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Wrong chart above. This one is the correct one

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BTCUSD 180min

Updated fork based on recent pivot set.

Zoen_Trieste

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