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CincyONU
Jul 15, 2018 8:22 PM

Potential Bottom/Reversal Pattern $Sub Long

Description

Possible diamond bottom on Sub. Not an easy pattern to spot or to trade if you do find one in my opinion but it looks pretty solid. It's a very high probability setup in a bear market (diamond top) but less so in a bull market (upward breakout). Technical target is boxed. Usually if the pattern was formed from a sharp selloff, the price will reach the level where the dump started, which coincides with the target here. Entered half my position and will add to it if it starts to play out - and as always even the best setup in the world is subject to getting rekt from BTC price action.

Oh and the higher timeframe indicators I use look very bullish.

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