On the chart, there is a noticeable narrowing of the borders of consolidation, a triangle was formed, which is a figure for the continuation of the trend. Also noticeable is the local pattern of Inverse Head and Shoulders, which also works up. Therefore, the probability of the price going up, at the moment, is high.
Still expect re-test of 11500 / 11340 support. That wick to 11613 doesn't count. See two bearish factors - over bullish Twitter and bearish divergence at fear&greed chart. Hate to be bearish when everyone is so bullish 🙈 So I put a big timeframe chart to show how bullish Bitcoin really is in long term. And just forget...
Finally back to the desk!! alts setup got messed up by Bitcoin, we knew 20% move on BTC was coming but still, I overexposed myself in alts & my folio went down 15% in 24 hours -
now will start fresh with alts setup tomorrow onwards! accept your mistakes, Never dwell on them but Learn from...
A diamond chart formation is a rare chart pattern that looks similar to a head and shoulders pattern with a V-shaped neckline. Diamond chart reversals rarely happen at market bottoms, it most often occurs at major tops and with high-volume.
- BTC Ready For Bearish Move, MACD Bearish
- RSI in Triangle