DIAMOND PATTERN SIGNAL FLASHING FOR BITCOIN !!!!!!!!!!!!!

The Moon Show

Bitcoin Diamond Pattern Analysis

A diamond pattern has formed in the Bitcoin chart, which often marks the top or bottom of a trend.

Possible Scenarios

  • The pattern could lead to a breakdown, with a target of $90,000.
  • Alternatively, it could result in a breakout, with a target of $121,000.

Key Levels to Watch

  • A blue line, which is a significant level of support and resistance.
  • An orange line, previously identified as a crucial point of support.

Trading Strategy

If the blue and orange lines are broken, it may be a sign of weakness, triggering a bearish scenario. In this case, consider exiting positions and waiting for a potential long position. If the levels hold, the bullish scenario remains intact, with a potential target of $130,000.