I may have identified what could be a reversal trend in the market for BitCoin and changes within the crypto market as a whole. As you can see I have set up a diamond top in the screen. I hope that it doesn't come to this for the bulls out there, but we may have topped out in the short and long term. Indicators are looking hot and need to cool off.
...
...
Looking at BTC on 1H chart, I noticed a diamond top pattern, which is not perfect but yet it's there. I drew it with the yellow trendlines . However, the purple trendline in the bottom of the formation is the neckline of a possible H&S pattern, which is also visible on 4H chart, but this is valid if the left shoulder is formed in the near future. Thus, if this...
AMZN completing this diamond by 12/7. If it breaks down I am expecting a big move down.
Break even failure rate for up/down breakouts: 21%; 15% Average rise/decline: 29%; 17% Throwback/pullback rate: 57%; 58% Percentage meeting price target for up/down breakouts: 65%; 63%
#BTC Perfect Diamond Pattern Diamond Pattern : - On Top of The Chart is Highly Bearish - On Bottom of The Chart Highly Bullish
Possible BEARISH DIAMOND TOP. There are a lot of ambiguous signs in the chart data right now, there's a VERY STRONG CHANCE that BTC breaks this BULLISH (as it could be an INVERSE HEAD and SHOULDERS). We've already gotten our re trace to the 21 DEMA, either we're coming down for an entry opportunity, or we're about to SMASH through the $20K level. What are...
Shine bright like a diamond Shine bright like a diamond Find light in the beautiful sea(all time high right now), I choose to be happy (full in euphoria ) You and I, you and I, we're like diamonds in the sky oh oh oh oh oh You're a shooting star I see, a vision of ecstasy!!!!!!!! When you hold me, I'm alive oh oh oh oh We're like diamonds in the...
NASDAQ:TSLA TSLA so far throughout the day has been moving in a range with bearish sentiment. My only explanation for this is that there has been a lot of sector rotation going on this week so far from tech to other sectors such as energy, industrials, and financials, . Just take a look at $DIA, $XLF, $XLE, and $XLI. In addition to this rotation, a diamond top...