Vatis

Diamond + H&S => LONG

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I have noticed the two patterns in picture. Both are reversal patterns, so we should observe an upward movement. It confirms my Gartleys idea (check related) in the longer term.

Comments

There is no price action at the top of the diamond. This pattern is invalid. Moreover, you are just speculating head and shoulders that have not completed yet.
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Vatis mozalin.cranz
thank you for your feedback. I think that you are right about the first remark. Of course, H&S is not completed yet, but there is a strong likelikood, that it will complete.
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I'm not so sure it is a strong likelihood because the right shoulder seems to be trailing off, which has happened before and was quite bearish.
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Vatis MoonTrader
You were right - it probably failed.
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