BaileAthaCliath

BaileAthaCliath

The definition of the Blood Diamond on the Market Cipher A indicator : The Blood Diamond is a Bearish indicator. This indicator is used together with the EMA Ribbons and the Yellow and Red Diamond indications. The most effective usage of the Blood Diamond is when it follows the printing of a Yellow Diamond and the current candle is printing a Red X and Blood...

BaileAthaCliath

The current weekly upper trend line has meet the weekly lower high trend line and is showing signs of weakness with 3days left to the weekly close. If the upward trend was to continue it would take until around Oct 3rd to reach the 38% retracement which is confluent with the monthly high trend line.

BaileAthaCliath

With a bear market rally to the 38% retracement and the weekly 21 ema already, a pullback here could lead to a lower low. If we continue this run into september and push up to the 50% retracement, we get to either the merger or the delay of the merger in a month typically weak for crypto would suggest a pullback to a higher low.