BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
A diamond reversal is when a broadening wedge turns into a symmetrical triangle. I suggest googling it since it is rather rare.

I am not an expert, but if you do some research as to what these usually look like... we might have one here.

This being on the daily timeframe means the reversal could be a strong one.

Look for a close above the upper right resistance line of the diamond.

Fingers crossed
Comment: Sorry, I meant "when a broadening PATTERN turns into a symmetrical triangle"... not wedge
Comment: We are looking good! Follow for updates

Comment: Hope y’all made some money off this diamond bottom!!!!!

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter