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Diamondpattern

Diamonds are forever...Hello, Bitcoins price development formed a quite accurate shaped diamond bottom. The bottom diamond pattern has shown an excellent performance compared to wedges and triangles. The Fibonacci retracement I use in the chart is not based upon the price, but on the expected performance of the pattern. This might be calculated as following. Measure the price range from the highest to the lowest candle, multiply it with 0.81. The indicator analysis of my former post on Bitcoin fortifies the patterns validity and target. Trade safe! Nik
BITFINEX:BTCUSDLong
by UnknownUnicorn1539772
7
Icon $ICX | Diamond pattern...Bullish or bearish? | 5/13www.yourfxguide.com www.profitf.com If you're unfamiliar with the diamond trading patterns, the two links above will give a basic understanding of my idea of where ICX is going. If you'd like to see last weeks chart/trade idea, we we're looking at the possible cup and handle formation. (click the image/link above) Now I see Icon playing out a possible bullish diamond formation. With the Consensus conference beginning tomorrow (5/14-5/16), we could see a nice run to Target 1 here. However, if BTC continues to tank I think we drop down into our blue and red support zones. Target 1 = 53-55k sats
Long
by UnknownUnicorn2302450
1
Bitcoin Diamond Bottom Ready for LiftoffI'll be quick here, I'm happy to explain anything on the chart so comment a question if you have one. Pretty clear from the chart, but we have a descending wedge that finished with the rare but highly reliable, I'm talking 81% Price Target Accuracy reliable, The Diamond Bottom. The fib retracement from March 5th to April 1st supports the Price projections of the Diamond Bottom and the falling wedge. The Diamond Bottom at the 8,500 +/- 100 zone which corresponds to the .382 fib retrace and the falling wedge price target at 10,600 +/-100 zone which corresponds to the .786 Retrace. When we get back to 10k the FOMO will set in and away we go. Like if you like, comment if you have a question and I’m happy to answer. Thanks all, and remember this is for educational insight only. Personally, my positions are all in alt coins I mainly use BTC as a market indicator.
BITSTAMP:BTCUSDLong
by DHuts
2
Bitcoin signs of the bulls coming back to the townHello everyone ! I'm not a good speaker and my English is terrible but ... here is why I have feeling that the bulls are slowly taking control over the village again after 3 months of perma FUD attacks in bearish sentiment. 1. Once the market is super bullish the correction is imminent and same counts for too bearish market with the rallyes 2. We can spot 2 (possible 3) bullish patterns a) Bullish Gartley b) Bullish Fallin Wedge c) Diamond pattern / Bottom pattern ? :) 3. Another reason is massive bull flag with interesting fractal in play which in the mid of September triggered crazy bullrun ----------------------------------------------------------------------------- 4. Probably worth to mention now I realized hidden bullish divergance at weekly chart :) ---------------------------------------------------------------------------- This is vizualization of the bubble thanks to which we had to correct before we aimed to the 12K To see how it played out click play at this TA This reversal was based on the bullish divergance Feel free to share your opinions :) I wish a nice day to all BTC traders, investors, bulls & bears If you find any of these helpfull or interesting leaving a like will melt my heart ^^
BITFINEX:BTCUSD
by Anoinvest
6
LTC/USD - Diamond Chart Pattern - HMMM... Not A Common One! I had a follower ask me about the diamond chart pattern from my last video, so I decided to talk about it a little bit. To be honest it's not a pattern I typically watch for, but it can be a very profitable pattern if identified and traded accordingly. So if I have drawn the pattern correctly, you can see a break to the downside based on this patter would put price back down in the $150 areas, which I personally do not think LTC is going. Of course, I could be completely wrong, but based on what i'm seeing in my chart and other things i mention in the video, I think upward price action is more likely at this point outside a small pullback to say $200 or so. I hope you enjoyed the video... give a like and let me know what you think is going to happen over the next few days.
COINBASE:LTCUSDLong
by Crypto_Sid
4
OMEX Long Opportunity Diamond/Cloud Breakout/Vol MovAvgExp CrossI have NO idea what the fundamentals are on this stock. I only know what I see here on the chart. I am an intermediate scalper/order-flow/tape-reading and technical analysis stock guy. OMEX caught my attention. I've been testing scanning and new ideas. Moving average cross of the ~50 over the ~200. All aligned well with the trend aligned up. Ichimoku Breakout on the daily. Diamond pattern. Bull Flag. Bam! Highly manipulated at this level but the TA says what the TA says. It is also trading above long term price on volume. Check it out! Volume could definitely move this.
NASDAQ:OMEXLong
by iambrettjenkins