Diamond bottom?
Is btc about to turn around? DIAMOND BOTTOM
-price trend- Downward leading to the pattern.
Shape - Looks like a diamond, but usually one tilted to the side.
Trendlines - Prices form higher peaks and lower valleys (a broadening pattern) in the first part of the pattern, then price action narrows with lower peaks and higher valleys.
Trendlines outline many of the peaks and valleys, forming a diamond shape.
Touches-
Prices will touch each trendline once or twice. Don't worry if your lines cross some of the price outliers.
Volume trend- Downward trend 67% of the time.
Breakout - Upward 74% of the time, when price closes outside one of the trendline boundaries.
-price trend- Downward leading to the pattern.
Shape - Looks like a diamond, but usually one tilted to the side.
Trendlines - Prices form higher peaks and lower valleys (a broadening pattern) in the first part of the pattern, then price action narrows with lower peaks and higher valleys.
Trendlines outline many of the peaks and valleys, forming a diamond shape.
Touches-
Prices will touch each trendline once or twice. Don't worry if your lines cross some of the price outliers.
Volume trend- Downward trend 67% of the time.
Breakout - Upward 74% of the time, when price closes outside one of the trendline boundaries.
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