BTC/USD bullish diamond pattern
Hello traders! Long time no news from me here, but I found an interesting trading pattern that can help you. It's a classical diamond pattern forming on the BTC/USD daily chart and I think that we will break it to the upside, because of the following factors:
- we are entering the pattern as a continuation of a bull trend (up trend) and you know that "the trend is your friend";
- in a few days from now there is a full moon coming, which is usually a bullish event. I know that many of you don't follow astrology, but just zoom out and see how accurate this was in the past few months;
- golden cross - we had the golden cross event last week with a good volume. The worst case scenario is to break the diamond pattern down to the 200DMA and retest it as a support
- we are entering the pattern as a continuation of a bull trend (up trend) and you know that "the trend is your friend";
- in a few days from now there is a full moon coming, which is usually a bullish event. I know that many of you don't follow astrology, but just zoom out and see how accurate this was in the past few months;
- golden cross - we had the golden cross event last week with a good volume. The worst case scenario is to break the diamond pattern down to the 200DMA and retest it as a support
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.