BTC is showing a nice example of a diamond pattern atm. Diamond patterns are meant to be a sign of a trend reversal. In this case there is a diamond at the intersection between upward and downward sloping channels. It also shows the characteristic up and down price swing at the center.
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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.