BTS likes diamond patterns . While this is a pretty rare pattern, in the case of BTC we see them quite often.
Another diamond has been painted on a daily chart which promising a reversal. That fact, that this pattern appeared at the resistance line
that has been drawn during multiple months, gives even more weight to this signal.
In the long run, BTC is...
If you tried to trade a Diamond and got stopped 1.95% bellow, here is another good entry that we may try.
BTC may retest 6400 which corresponds with a major trendline.
BTC painting a falling wedge on 4H, the target between 7450 and 7600.
We are ~10% up since my previous call , and since so far the pattern works as expected, I want to zoom in from weakly chart to daily, to provide a more detailed view on how it goes.
As I said, it doesn't take long for every serious and experienced trader to spot all bullish signs that are on the table right now.
These patterns/signs are so big, that it is...
For any professional trader, it will take 5 seconds to figure out what is going on looking at the BTCUSD chart right now:
1) We have a huge symmetrical triangle at weakly chart
2) The price just touched the bottom of the triangle which goes along weakly EMA 200 and the next target in mid 11 000
3) The RSI in low 30's third time in the entire crypto history
BTC had a little relief rally and currently preparing to test the bottom of the falling wedge . The support and resistance lines that you see on the chart are rock solid and not just showing the pivot levels, but also correspond with Fib levels.
The lower targets are:
1) 5850 which has been tested 4 times and held, which is very uncommon. Usually,...