i thought i would share my latest idea based on that dump we just had.
I see a diamond pattern here. BTC already broke out and retested, but now has broken out of its pattern and dumped back down .
So i changed my anlysis and spotted this diamond
So either pump through the low volume gap (blue box) take out the red vectors OR dump hard and grab the liquidity in the green vectors below.
If BTC drops lower then it could form the double bottom which would make this diamond a continuation. But if BTC goes up from here it could more likely be a reversal diamond.
Or it could do something totally different, im still learning, over a year now and have learnt a lot :)
peace and love everyone :)
I see a diamond pattern here. BTC already broke out and retested, but now has broken out of its pattern and dumped back down .
So i changed my anlysis and spotted this diamond
So either pump through the low volume gap (blue box) take out the red vectors OR dump hard and grab the liquidity in the green vectors below.
If BTC drops lower then it could form the double bottom which would make this diamond a continuation. But if BTC goes up from here it could more likely be a reversal diamond.
Or it could do something totally different, im still learning, over a year now and have learnt a lot :)
peace and love everyone :)