RobertheBruce

RobertheBruce Updated 

What is your opinion? Is it a diamond? Diamond formation mostly appears at bottom or at peaks and gives opinion about trend reversals. Their target length is which indicated at our graphic as "h" is measured by peak and bottom point of diamond.

RobertheBruce

What is your opinion? Is it a 4h diamond which newly break the line to upward? If it is so, then it seems next target is 10700. Diamonds mostly give information about reversal of trend. It is approximately 3 days diamond and at bottom. Diamonds mostly go to a range which equals to their height. It is also interesting that 4h fisher transform just newly gave a buy signal.

RobertheBruce Updated 

After first diamond bitcoin dropped nearly 300 point. Is there a second diamond? Please share your opinion.

RobertheBruce

Maybe first index will rise through the current corridor, it will hit the strong lines, maybe reached to the D point then will drop again. What is your opinion?

RobertheBruce

Let we see what will happen...

RobertheBruce

There is two important line. Today we experienced a bullish trap, we breaked the line and get back under 12k. lets see, will we fall to 10k and rise again? I am beginner but i feel like that.