https://www.tradingview.com/x/pbf5kODr/
Weekly
Looking at our highest timeframe we see price formed a lower high at 200000 followed by a lower low at 80000. Lower high again at 100000, price is now currently testing our major support zone at 70000. Stochastic RSI showing momentum continuing towards the downside, no signs of slowing ...
LOM has formed a reasonably clean cut inverse head and shoulders pattern which is currently challenging the neck line.
With a ongoing news from existing diamond mining activities and upcoming exploration work the catalyst for a break seem likely to present.
First target is set at the support/res level at 37.5c with the second target at 42.5c representing 27 ...
I'm thinking that we fail to break the outlined resistance level and see a diamond bottom breakdown to the next level of support.
The breakdown may feature a throwback to the area of market structure, which would be the ideal level to enter a short position.
Bulkowski outlines that the Diamond Bottom performs at a rank of 1 out of 21 in breakdowns. (To be ...
BTC about to make a major move. Being pushed down by the Jupiter-Uranus opposition beginning around 5/5 and ending 5/15.
We could see the major pump or a leveraged, stop hunt liquidation wick before a major pump up.
We have a few celestial events coming up.
* 5/12
Mars enters retrograde zone - unfavorable or could be a trend reversal sign.
* 5/14
New Moon ...
Hope this idea will inspire some of you !
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Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum.
You can check my ...
I'll be quick here, I'm happy to explain anything on the chart so comment a question if you have one. Pretty clear from the chart, but we have a descending wedge that finished with the rare but highly reliable, I'm talking 81% Price Target Accuracy reliable, The Diamond Bottom. The fib retracement from March 5th to April 1st supports the Price projections of the ...
HiAll,
As usual, i will make the explanation simple and easy to understand. Please find below summary of the findings.
1. Diamond formation. A reversal pattern. the price target is at 7880.
2. Bullish Divergent in MACD. this is a good sign to show a uptrend is taking over (until next reversal).
*This TA is for Educational purpose and not a financial advise. If ...
Greetings Earthlings,
I thought the Diamond had broke down but Its back and bigger than before... Still may not breakout as the theory suggest but its here none the less.
See prior analysis below ....
Here we see the rarest of patterns, the often imitated, never duplicated "Diamond Bottom Pattern". The literature is not widely available but the current BTC ...
Keep this on your radar! DCF models ≈ 12.6-25.68, margin of safety >85% . VERY strong balance sheet and improving REV and FCF Q/Q.
The larger weekly picture picture shows a massive head and shoulders-which cannot be ignored, but we don't believe there is any good chance of it playing out.
On a shorter time frame the previous diamond pattern has been ...
momentum swinging negative for short term will provide us a buying opportunity ≈$2.33. inverse head and shoulders measuring rule implies ≈25% probably increase from neckline. If it comes down to 28° line then it is most likely a diamond formation. w/ greater potential move. due to momentum on LT time frames i am suspecting that it breaks out to positive side. ...
DMD Coin had nice uptrend move in the lawt 2 days with over 100% profit and look like it retrace now and finding pretty strong support around the 0.00200000 Satoshis.
Coin volume not very high and i think it can jump pretty soon and keep with the bullish trend !
i choosing to go for 25%-40% profit with a quick uptrend movement. and its bitcoin can go up anytime ...
It looks like btc has just finished Wave A of its correction, I expect to see a bounce to the the 0.618 fib line of the fib retracement for wave b and down to the support trendline just below 0.618 of the fib extension for wave c. Long the break of this pattern for certain profits.
Diamond pattern suggesting a reversal and as political uncertainty continue to weigh on pound. I am looking to short this pair.
If Price break above the upper trendline, this analysis will be invalid.
Reward to risk is 10:1
Lets see if this plays out... No signs the bulls have returned with huge force.. Probably a bit longer term than most would like as they scalp their way through the steps.. Good Luck !!
