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Diamond

Grab the moon with your Diamond Hands HODL Hello, This is not financial advice* In this analysis you will see we are still in a bullish pennant or I'd like to look at it as a paper airplane heading to the moon. The support levels just aren't as strong as the levels of resistance. However I believe price is heavily manipulated and am LONG on AMC 2 the MOON. WHY? because the shorts haven't covered the SI % actually went up 5% today. I just like the stock man :) Something about it makes me just love it! # APESSTRONG TOGETHER # DIAMOND HANDS / BALLS W.E / # 2 DA MOON. ^_^ At the end of the Day, Price is psychological nothing about the stock market is FUNDAMENTAL. ITS A GAME the HEDGIES attacked GAMERS and are getting PLAYED ^_^ PLAY ON MY FELLOW APES ! :) CYA ON DA MOON
NYSE:AMCLong
by sayyablawl
2
The diamond formation explained in terms of ADA's price A bearish confluence has arisen among all the current bullish signals. This formation is theoretically seen as a reversal pattern and is bearish based on the fact that the price originated from bullish movement. Although the price target of this formation is at $1.29, does not mean it will reach these levels tonight, however knowing crypto assets a 10% retracement is not an irregular occurrence. In order for the price to hit the TP, it will firstly have to break below the $1.40 mark which is a strong resistance level of the previous formation the price broke out of. Then the price would have to move below the 50% fib retracement level which is an extremely strong level of support and resistance. Only then would the path be clear for a movement down to the TP which happens to be a strong support level. I am seeing this current market as a strong accumulation phase and if the price falls to the TP it would just be a sign of the continuation of this phase, which is great news for those who are in the market for the long term. The further accumulation would benefit the ADA market as a reversal and breakout to the bulls will roll out with the release of smart contracts which will bring in further hype into the space resulting in a huge move to the bulls. My current opinion on the market in the short to medium term remains neutral with a bias towards the bulls on a slightly longer time frame, how ever there will be some blood in the street leading up to this point of course. A question for those of you who are scared based on the current situation with regulation over the crypto space. Don't you think that regulation is one of the best things that could come out of the crypto space? some would think I'm crazy for saying this, BUT hear me out. Regulation is only scaring in this sector because it has never been regulated before based on the fact that it was not as wide spread adopted than it is today, and regulation is just a sign from institutions and governments that the sector is more serious than one would think and this is a way of showing the mainstream that even they are starting to take crypto seriously, But in order to do so they will obviously want to be compensated for the rise of this revolutionary financial system of assets, which is fine, unless this news has the effect on you that temps you to sell your assets. This is not a good idea as you will dearly regret this decision, maybe not now but in the near future. Just remember that all sectors associated to any financial system or third party intermediary are taxed and regulated any way, so why is regulation in this sector so frowned upon... don't let the media cloud your logic to believe what is said is true. How do you feel about regulation in the crypto space? leave a comment and like and we can discuss this topic, related to any asset.
BINANCE:ADAUSD.P
by Crisp_Flow
Diamond Hand Buy LevelsOne way to look at candles is that they represent the buying and selling habits of all market participants. The buying habits in the zig zag patterns look like bullish and bearish versions of the same pattern. Maybe it's the same buyer who, at a loss, is unloading the same position. Who knows... The first time this happened (circle 1) price made a new high but drifted back down because the trend is bearish . If the current pattern resolves in a similar way, price could make a new low, right at the current confirmed support level . If price continues the bearish trend , we could make it down to the green line. The red line is also very possible some time after. This could be the end of the bear market in crypto and the beginning of a long and violent sideways market until the next halving cycle starts. This can be tough for traders, and a lousy game of emotional warfare for the HODLers. The previous bear markets have always bottomed out at a price level which is above the previous all-time-high breakout point (red line). We may or may not get there, and it makes the green line very attractive to scale into a long position. OR Something else happens entirely. Many people buy crypto at arbitrary price points, or worse, shortly before the end of the bull phase. Then they claim to have diamond hands and HODL forever. The most successful HODLers will be getting in at these low low prices. Count me in.
BITSTAMP:BTCUSD
by The_Arena_Trader
3
BTC - diamond patter pullback follow-upHello, One month ago I posted a bearish scenario for BTC where the potential diamond formation could drive its price below $40,000 What we see today is that even though the coin dropped below the projected support (January peak) and turned it into resistance, so we are now basically stuck in the $40,000-$33,000 range which more or less marked the lows and highs back in the first month of the year. What is more important is how the lower boundary of the downtrend corridor built as a continuation of the diamond figure now act as a dynamic resistance. The price decline and series of rejections suggest we can expect a further decline and narrowing price action between the dynamic and the horizontal resistance. This, combined with the rising RSI values on the daily timeframe, which currently represents a bullish divergence on that timeframe, can result in an upside reversal by the end of June or early July. Hope you found that idea interesting. Don't forget to manage risk appropriately. Best Regards,
by FutureBlockchain
#LINK, #ChainLink, Who likes #Diamonds?A quick look at #ChainLink (LINKUSDT , 4HR, Binance): LINK is consolidating after a dip that brought its price from $53 to $15 in two weeks, in what looks like a diamond bottom. If the price confirms a breakout, we can see higher prices. Strategy: Hit the TP1 target, or Exit after 50 candles, or Stop loss If you want to read more about ChainLink on CoinMarketCap, click here . What do you think? Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome. But if you enjoy my chart, please like, comment or follow me. :) Thank you and Happy trading! ------------------------------------------------------ Some of my charts represent actual trades, and some are just paper trading. Needless to say, this is not financial advice!
Long
by BitfulMind
May Day for the DIAMy count has Wave E down on deck for DIA/DJI. In the current wave pattern the wave i up (of Wave D) was so short/quick, thus prediction is that wave v (of Wave D) will also terminate quickly and I think it did today. Stoch RSI appears to be confirming and the Woodies CCI popped a +200 today indicating a possible turn. I had originally thought this might be a simpler ABC down but see chart for couple of prior corrective wave patterns for comparison. The Wave C in the current pattern is too short for an ABC down IMO, thus Wave E is in play. Only question is will it happen tomorrow on the last trading day in May. Will it truly be a sell in May and go play? Somehow I think they will keep this thing afloat until next week. Enjoy the Holiday on Monday if you are in the states. Not financial advice.
TVC:DJIShort
by Akksujean
BITCOIN DIAMOND CONFIRMED - LOWER TARGETS AHEAD!Hello dear traders, Here is an update for Bitcoin BTC on the daily chart. After further analysis I come to the consultation that after several heads shoulder patterns (that are all still valid) we now have a Diamond in Bitcoin as well. I have already discovered one in Ethereum and you can follow that on my recent posts. I will keep this updated but for now the targets are: Target 1 42000 Target 2 35000 Above 59000 this pattern expires. Volumes are high in the drop and the other patterns make the probability even higher. Patterns which fail like head and shoulder patterns but also diamonds can show a quick and agressive countermove. This is always pretty clear to see. Yes all patterns can and do fail, keep that in mind and you best always place stops with a maximum risk of 1% per trade. If you don't do this, you risk to end up with big losses. Different of course if you want to buy BTC for long term investment, buy and hold. In that case there are no stops at all but not intrading. This is purely my idea about ETC and not investment advice. As a trader you should always do your own research and try to protect your capital with money management.
Short
by PegasusTechCharts
5
Ethereum ETH DIAMOND top seems to be set!Dear traders, Here is a quick new update for Ethereum on the 4 hour chart. We see here a pattern not often seen, the diamond. Like the head and shoulder formations, this pattern has lower targets. It signals normally tops. My previous analysis of Ethereum is still valid with the head-shoulder pattern but now we have a diamond formation and that strengthens my idea that the targets from the HS will come out even more! Guys, now keep an eye on the red trend lines. If we break out to the downside, 2760 will quickly come into view. An upward breakout is less logical with this pattern, but everything is possible. Nothing is 100% sure but this pattern is a top pattern. If it fails then we see an agressive move upside. Keep that in mind! Always confirm trades by a re-test of te trendline and volume to be more sure of false breakouts. Traders, this is my personal view on Ethereum , No trading advice. Always do your own research before trading and at least use stops and money management to limit your risk. If you guys appreciate my work it will be a motivation for me if julle give a thumbs up and follow me for updates. I wish you all lots of profits and above all safe trading!
Short
by PegasusTechCharts
29