Diamond - Reversal Chart Pattern

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
967 9
BTC up
Trade closed: stop reached
Broke upside already IMO.
+1 Reply
Diamond could also be continuation patterns. The context is really important to consider, here my point of view :
This is not diamond, this is a pyramid or triangle. And your view must preferably be on a graph with logarithmic scale.

Hatrek eduardokaykedasilva
@eduardokaykedasilva, I'm talking about your diamond... Logarithmic is useful on the long-term vision, my analysis is only on the short-term and deals with one resistance. Logarithmic or not, this is the next resistance on the monthly chart. MACD could cross and increase but the price decrease, generally the reversal comes with divergences. Just think about that, the most important is not to be right, but not to lose huge money with panic emotions.
eduardokaykedasilva Crypto-Adviser
@Crypto-Adviser, Yes, nice chart . Hehehe
Crypto-Adviser eduardokaykedasilva
@eduardokaykedasilva, 10 years ago Satoshi Nakamoto published a white paper Bitcoin.
+1 Reply
Teklologist Crypto-Adviser
@Crypto-Adviser, and in 1996 an NSA researcher/analyst jointly published a paper with MIT on how to create digital cryptographic currencies. Interesting...
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