Has BTC formed a diamond pattern? I got the idea from member Tolberti .
Diamond patterns are reversals at tops and bottoms. But, like head-and-shoulders, they don't always do as expected.
I thought the idea was amusing, and possible.
Therefore, I applied Elliott to it for two possible counts. The more bullish count is below.
So let's see what happens.
Diamond patterns are reversals at tops and bottoms. But, like head-and-shoulders, they don't always do as expected.
I thought the idea was amusing, and possible.
Therefore, I applied Elliott to it for two possible counts. The more bullish count is below.
So let's see what happens.
Note
Here is the more bullish count, if the diamond fails to reverse, and instead BTC goes up.
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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.