Vatis
Long

Diamond + H&S => LONG

BITSTAMP:BTCUSD   Bitcoin / 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.

Related Ideas

mozalin.cranz
2 years ago
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
2 years ago
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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MoonTrader Vatis
2 years ago
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
2 years ago
You were right - it probably failed.
Reply
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