Alikze »» BTC | Ascending diamond pattern
🔍 Technical analysis: Ascending diamond pattern
- According to the latest analysis presented, Bitcoin made a correction based on the predicted path to the second green box area of the $50,000 correction range.
- In the recent modification, a double zigzag has been formed. The second zigzag is a flat correction.
According to the formation of an ascending diamond pattern in the green box area, after the failure of the dynamic trigger, the diamond pattern will be confirmed and it can expect to climb up to the specified areas according to the previous analysis.
💎 Note: Also, if a failure occurs from the bottom of the template, this template is invalid and must be checked and updated again.
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BTCUSDT
- According to the latest analysis presented, Bitcoin made a correction based on the predicted path to the second green box area of the $50,000 correction range.
- In the recent modification, a double zigzag has been formed. The second zigzag is a flat correction.
According to the formation of an ascending diamond pattern in the green box area, after the failure of the dynamic trigger, the diamond pattern will be confirmed and it can expect to climb up to the specified areas according to the previous analysis.
💎 Note: Also, if a failure occurs from the bottom of the template, this template is invalid and must be checked and updated again.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
BTCUSDT Note
According to the predicted movement path and the bullish diamond pattern, after the pullback to the BB range, it succeeded in breaking the dynamic trigger and has reached the supply zone with more than 13% growth. Therefore, I expect that with a short-term correction, it will succeed in breaking the first supply zone and advance to the second supply zone.
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Note
According to the pattern and predicted movement path, the targets specified in the chart will be reachable.
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