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Diamond

BTC - Likely a bearish reversalBTS likes diamond patterns . While this is a pretty rare pattern, in the case of BTC we see them quite often. Another diamond has been painted on a daily chart which promising a reversal. That fact, that this pattern appeared at the resistance line that has been drawn during multiple months, gives even more weight to this signal. In the long run, BTC is still bullish , but we must pass through this pullback first. The first point where BTC may find support is daily EMA 200 that currently near 8050 . If for any reason that support will be broken, I expect the price to try the bottom of the symmetrical triangle on weekly that I posted earlier, so we may see it around 5700 in case of an extremely sharp decline (which is unlikely but possible), or 6200-6500 if the downtrend will be more gradual. Trade wisely and good luck! P.S.: Please, take this adequately. There are always ups and downs, no stock/crypto goes only up or only down. I'm not a perma-bull/bear and you shouldn't be either. If you are holder, take this as an opportunity to grab more at the discount. If you are a short-term trader, don't fall in love with any assets, it doesn't work this way. Best of luck to everyone, and stay safe!
COINBASE:BTCUSDShort
by LanaFL
1
DE30 Diamon & Double top - MACD & RSI DivergencySeveral indications to be on the short side next week. CURRENCYCOM:DE30 CURRENCYCOM:DE30 - MACD divergency - RSI divergency - Diamond pattern completed - last hours started to form a nice double top set up putting even more selling pressure on the DE30 for the following week Strategy: - wait for confirmation of Double Top and short. You can set positions to go long here as well as some short quick profits in case it doesnt breakt the diamond pattern - If we see double top breakout this will trigger the diamond pattern and flag breakout on the daily aiming for a long short with nice risk reward
OANDA:DE30EURShort
by Hybriss
DO (Diamond off shore drilling) Diamond off Shore Drilling Are we seeing a downfall in diamonds - this could get worse for them as they are looking to become bankrupt file for bankruptcy... According to a filing with the Securities and Exchange Commission, Diamond Offshore Drilling has elected not to make the semiannual interest payment on its 5.7% senior notes due in 2039. While that payment was due Wednesday, it does have a 30-day grace period. If Diamond Offshore doesn't make an interest payment by May 15, then it will be in default. That would then trigger a cross-default of the company's bank credit facility as well as its other outstanding notes. The company has retained legal and financial advisers, which are evaluating options. Among those they're likely considering is whether to restructure Diamond Offshore's debt in bankruptcy. Transocean reported somewhat mixed third-quarter results. On a positive note, the offshore driller hauled in $784 million of revenue. While that was 4% below the year-ago tally, it beat analysts' expectations by $10.4 million. The company, however, reported a net loss of $234 million, or $0.38 per share. That was not only worse than the year-ago adjusted loss of $209 million, or $0.34 per share, but also missed the consensus estimate by $0.01 per share. After several challenging years, the offshore drilling market has finally started showing signs of life this year. That's becoming increasingly evident in the number of new opportunities that Transocean and its peers have to bid on offshore drilling contracts. This increase in its workload should eventually drive a meaningful improvement in the company's financial results.
D
by DH-FX
Big Bullish Diamond?I was looking at allegorycave's chart at and it occurred to me that we might be building a great big bullish diamond shape. If it starts to fill in the other half of the diamond that would make it much easier to time the breakout. It seems to be lining up with the expected breakout timeframe after the halving. Diamonds are typically reversal patterns with a very distinct thrust down the center. Since this was going down on the way in it ought to go up on the way out.
BITSTAMP:BTCUSDLong
by mljones
6
LINK; where to go long Looking for a correction from the test of the ATH, there may be a diamond top forming on the lower time frames where we are now. I believe we are going to test support at ~$4.30 (orange) if we break that we will test $3 (red) again where we have stronger support. Breaking further from that will have us testing the ~$2.20 (blue triangle) range. An optimistic view, if we do break out to a new ATH from here, then I will enter when confirmed and will expect to see a rise to the +$6.50 range.
Short
by DHuts
1