www.investopedia.com():max_bytes(150000):strip_icc():format(webp)/dotdash_INV-final-Introducing-the-Bearish-Diamond-Formation-Mar-2021-01-1b9d52319d5e4b0cbbad16d886cce32b.jpg The diamond top formation is established by first isolating an off-center head-and-shoulders formation and applying trendlines dependent on the subsequent peaks and troughs. It gets its name...
Tell me what u guys think, we going 4k or what?
Just want to point out the possibility this pattern may play out
I feel like we need some continuation pattern for a proper bullish count. So this might be an option.
This should be the time to buy
Tron is like a metal spring that u push down and kept down, oh that huge sell wall, but once the sell wall is gone, its probably going to bounce high
The obvious support for this head and shoulders will be at arond 12k yish satoshis which coincide with 0.5 fibonacci and 200ema. Looking to buy there but still hodling some just in case.
It doesnt matter where wave 2 3 4 is at of course. I am very hopeful the final wave 5 will be testing 20k or just previous high at least.
A day of consolidation will make the break look more apparent
I like to post argument on my current stance which is bullish, just to get a different perspective Tell me what u guys think.
XRP could potentially go bullish if btcusd remain in consolidation