I think bitcoin has just formed a diamond pattern. If I'm right, it means that we will see the last leg up to the upper edge of the blue rising wedge, which at the same time will be a retest of that wedge. Further price movement will perhaps form a Head and Shoulders formation, but I think it is more likely to be a decline with smaller or larger bumps.
This is not financial advice.
This is not financial advice.
Note
Looks like bitcoin doesn't give a damn about my diamonds, ha ha. We'll see how this develops.
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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.