Double Diamond. Rare case of fractal diamond regression BTC/USD
This shows a clear double diamond setup.
As an update to my previous idea, it's pretty clear that this is a fractal.
The diamond formation is bearish in something like 80-90% of circumstances, so this is a case of fractal diamond regression.
I expect this long-running form to resolve within the month.
As an update to my previous idea, it's pretty clear that this is a fractal.
The diamond formation is bearish in something like 80-90% of circumstances, so this is a case of fractal diamond regression.
I expect this long-running form to resolve within the month.
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I consider it possible that we now have a bear flag forming. Wave 1 started on 23rd may, we will get the next 2 peaks concluding over the next 4 weeks in my opinion and then more room to the downside.
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UPDATE
