Bitcoin has formed a diamond pattern on 4H timeframe now there are two possibilities what we see right now is bitcoin is breaking inside of this pattern again so eventually is this played out and broke to the upside we can see the price of 42,000 according to the pattern.
1h bullish Diamond pattern. The volume is coming. Wait for volume confirmation and close on 4h or use Stop Loss.
Top around 40400.
It's time to move on?
Diamond Pattern
In a diamond chart pattern, this occurs at the lower right part of the bearish diamond formation and the higher right part of the bullish diamond formation.
Diamond Pattern Stop Loss
It is...
The price created a falling wedge on the daily timeframe and had a nice breakout from it and from the weekly resistance (21.20$)
On the daily timeframe, the price is creating a diamond pattern after a rejection form the 22.25$
How to approach?
For a long scenario, the price needs to have a breakout from the Diamond pattern and 4h resistance and retest it as new...
The price in an uptrend, in its last attempt failed to record a new high, and this could be a warning for the return of the trend.
At the moment, the price seems to be forming a diamond pattern which is a return pattern.
If our guess is that the trend is not bullish, we can think of a short trade in the area identified in the recent downtrend with the main support in mind.
Watch out for false breakouts and execute the trade with a trend confirmation
The "Diamond" pattern is very reliable and consists of four-sided price action.
It is also similar to adding two "triangle" patterns, Inverted and Symmetrical, together.
"Diamond" patterns are both continuation and reversal patterns.
If the pattern occurs in the midst of a trend, it...
The circulation of USDC has more than doubled since the original deal was announced, reaching $52.7 billion as of the above date.
Jeremy Allaire, Circle’s co-founder and CEO expressed optimism about the new partnership. He was targeting a public listing through the above merger with an SPAC (special purpose acquisition company), which would augment trust and...
AUDCAD is trading a Diamond pattern on its daily chart
price is trading below the breakout level 0.89755 and has target the 61%bc 0.89143
at this point price could retest the breakout level and resume it downtrend to 100%.088770
by Constantino CM
The "Diamond" pattern is very reliable and consists of four-sided price action.
It is also similar to adding two...
Hello everyone.
I would like to share my thoughts on the ADA (cardano) cryptocurrency asset
At the moment, ADA has reached a fulcrum, from where a full-fledged reversal of the trend began in July 2021.
In my opinion, the formation of a bearish "head and shoulders" figure is underway. In the current situation, we have only a part of this pattern, and the right...
by Constantino CM
The "Diamond" pattern is very reliable and consists of four-sided price action.
It is also similar to adding two "triangle" patterns, Inverted and Symmetrical, together.
"Diamond" patterns are both continuation and reversal patterns.
If the pattern occurs in the midst of a trend, it will present a continuation of the trend in the same...
Watch out for false brekouts and enter the trade with a trend confirmation
The "Diamond" pattern is very reliable and consists of four-sided price action.
It is also similar to adding two "triangle" patterns, Inverted and Symmetrical, together.
"Diamond" patterns are both continuation and reversal patterns.
If the pattern occurs in the midst of a trend, it will...
GOOG
What appears to be a diamond top seems to be forming with a very clean, decisive break from the diamond, triangle, & 100 SMA. 200 SMA Support is around $2,660.
Market Conditions:
- Fed taper
- Interest rate hike
- Inflation
- Growth decelerating
CRV broke to the upside of the Diamond Pattern.
Was it a fake out?
I will leave that decision to you as I am not a fortune teller :-)
There is normally a 69% chance of a retracement.
NFA.
The dollar index has gap down which is a huge sign of weakness. I would anticipate to fill this gap first and then look for sells on the USD pairs. Will post some potential setups. Happy trading #diamondbrotherscapital
