DrDovetail

A quick short to 3.6k or so after diamond top appears.

Short
BITMEX:XBTUSD.P   Bitcoin
we have been forming a diamond top on the 2hr chart. The last break upward to 4.1k was assisted by a 2hr chart golden cross, but now that same timeframe is forming a diamond top with the trendlines following the candle bodies...there is a slightly more obtuse diamond top on the 4hr chart that can be connected by wicks....if the diamond top by candle bodies is the more valid pattern we will dip to at least 3.7k and if the diamond top charted by the wicks is more valid then we may dip to 3.6k or so....3.6k would make for an excellent top of the right shoulder for our currently speculative 1 day chart inverted head and shoulder pattern.....the projected top of the right shoulder seems like it will likely coincide with a golden cross on the 4hr chart but the inverted head and shoulder is currently still a speculative pattern only but still one worth keeping an eye on.
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