BTC/USD Bearish Diamond
Updated
Hello, friends, followers, and traders,
Looking at the daily chart we have two arrows green (31% chance) and red (69% chance), this is a measured move of the size of the diamond pattern that when applied at the break of the neckline this will give us the minimum target for of our trade.
The key area to watch for is the break of the trendline as indicated as a red circle for bearish move and green for a bullish move. Stop-loss should be the previous candle before the candle that breaks the trendline. Monitor this pattern on the 4hr chart for the best entry point.
Good Luck
Cheers!
Looking at the daily chart we have two arrows green (31% chance) and red (69% chance), this is a measured move of the size of the diamond pattern that when applied at the break of the neckline this will give us the minimum target for of our trade.
The key area to watch for is the break of the trendline as indicated as a red circle for bearish move and green for a bullish move. Stop-loss should be the previous candle before the candle that breaks the trendline. Monitor this pattern on the 4hr chart for the best entry point.
Good Luck
Cheers!
Note
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