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Challenging the Fork

As we can see, BTC has been stuck in this Schiff Pitchfork for a long long time. Basically, from the beginning of the Correction Phase the Price could not close above the Yellow median line( at least on the Daily Chart that is). This is Concerning a little bit, because BTC has just managed to conquer the 200 MA and now, once again, it is being pushed down towards it by the Fork and there is also a strong Overhead Resistance Zone between 9400-9500k.

If the Battle between these two opposing forces is won by the Median line, BTC can experience a sharp decline back towards the mid 8k levels. 

Time is running short, because if BTC stays on this trajectory, then the 200 MA should reach the Median Line around the 8-9th of November. BTC should reveal to us where it wants to go from here as soon as next week, or sooner :)


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