BTC/USD bullish diamond pattern
Hello traders! Long time no news from me here, but I found an interesting trading pattern that can help you. It's a classical diamond pattern forming on the BTC/USD daily chart and I think that we will break it to the upside, because of the following factors:
- we are entering the pattern as a continuation of a bull trend (up trend) and you know that "the trend is your friend";
- in a few days from now there is a full moon coming, which is usually a bullish event. I know that many of you don't follow astrology, but just zoom out and see how accurate this was in the past few months;
- golden cross - we had the golden cross event last week with a good volume. The worst case scenario is to break the diamond pattern down to the 200DMA and retest it as a support
- we are entering the pattern as a continuation of a bull trend (up trend) and you know that "the trend is your friend";
- in a few days from now there is a full moon coming, which is usually a bullish event. I know that many of you don't follow astrology, but just zoom out and see how accurate this was in the past few months;
- golden cross - we had the golden cross event last week with a good volume. The worst case scenario is to break the diamond pattern down to the 200DMA and retest it as a support
Penafian
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