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Bitcoin
Short

A diamond is about to shine!

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The price action is printing a peak formation making an iv wave of a potential expanding diagonal ending. This contractive path suggests a possible diamond pattern to be formed, in which structure price can form a counter triangle. The expected swing down tends to led the price to extend an 2.618 Fibonacci ratio of a potential Harmonic Bat C-D leg @ pivot support level, as shown on this chart.
firmestudio
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BatbearmarketdiamondpatterndiamondtopElliott WaveexpandingdiagonalexpandingdiagonalendingpeakformationpivotstrategypivotsupportTrend Lines

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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.
BatbearmarketdiamondpatterndiamondtopElliott WaveexpandingdiagonalexpandingdiagonalendingpeakformationpivotstrategypivotsupportTrend Lines
firmestudio
Also on:

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.