Bitcoin – is this the diamond bottom?

Hello, everyone!

Last two analysis are still actual. Here told you that it is important to see the $50000 breakout because the monthly Central Pivot is here. Today the very rare pattern was formed – the Diamond. Now it is important to see it’s breakout to the upside. In this case the Diamond’s height target bring the price to $51000. This is the chance to break through the Central Pivot.

DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.

การซื้อขายยังคงดำเนินอยู่:

Yesterday we told about the forming Diamond on Bitcoin, but it’s bands changed. The new Diamond you can see on the chart. The Diamond can be the trend reverse or continuation pattern. First of all we should observe which side the the price choose for the breakout. The Bullish scenario confirmation is the $48500 price level breakout. In this case the final target is $51500. The Bearish scenario will be finally confirmed if the price break below the $45700. In this case the price is going to reach the $42700.

ปิดการเทรด: ถึงเป้าหมายการทำกำไร:

Bearish scenario triggered and the target was reached! Currently the price bounced upward and consolidates in sideways trend