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
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
Trade ativo
Trade fechado: objetivo atingido
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.