Is this a Proper use of a Pitchfork?

I have been reading up on pitchforks and have published this idea so as to get any input from the professionals.
Is this a proper use of a pitchfork?
What I get from this is Bitcoin is trading in a range so far. I would be cautious about it crossing any of the lines as it either bumps up to it and changes or makes a drastic dive up or down.
I would welcome any comments about this pattern
Thank You