Bitcoin BTC / USD Diamond Bottom Bearish Continuation

2018년 5월 17일

I'm thinking that we fail to break the outlined resistance level and see a diamond bottom breakdown to the next level of support.

The breakdown may feature a throwback to the area of market structure, which would be the ideal level to enter a short position.


Bulkowski outlines that the Diamond Bottom performs at a rank of 1 out of 21 in breakdowns. (To be transparent: I'm not entirely sure where he's observing these statistics from. But regardless, in some capacity, it ranks highly as bearish continuation)

http://thepatternsite.com/diamondb.html

2018년 5월 17일

노트

Right side of the diamond bottom is forming into a bearish ascending triangle