BITCOIN DIAMOND TRENDS PREDICTION
I calculated the average price movement from Days Gaining price and Days loosing price and recently we’ve seen about 18 days positive price action moving at an average of 2.46% a day and 8 negative price action days with an average of -3.7%. Based on this I used the equation (Asset Price x Average percentage gain/loss) x Time in days. On the upside we can see a move to 40k by January 18th and then a correction to 28200 by the 25th. On the downside we could correct here to 19.6k by the 18th and jump back up to 28.2k by the 25th. This forms a Diamond on the chart. In my opinion the correction to 19k is more likely as CME traders have been missing out on trades at these levels. Correction will allow all BTC markets to make trades at previous price levels. Or Traders will force CME traders to hop on regular bitcoin exchanges because CME misses out on so many price levels, traders will be forced to move to exchanges allowing for more liquidity into the market hence moving the price up.
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