Has BTC formed a diamond pattern? I got the idea from member Tolberti .
Diamond patterns are reversals at tops and bottoms. But, like head-and-shoulders, they don't always do as expected.
I thought the idea was amusing, and possible.
Therefore, I applied Elliott to it for two possible counts. The more bullish count is below.
So let's see what happens.
Diamond patterns are reversals at tops and bottoms. But, like head-and-shoulders, they don't always do as expected.
I thought the idea was amusing, and possible.
Therefore, I applied Elliott to it for two possible counts. The more bullish count is below.
So let's see what happens.
Comment:
Here is the more bullish count, if the diamond fails to reverse, and instead BTC goes up.
