BitcoinLong
Bitcoin Diamond Top
I think this pattern might represent the "Half Staff" formation but it remains to be seen as yet?
Bulkowski's Diamond Top :-
thepatternsite.com/diamondt.html
If the diamond acts as a continuation pattern, meaning that price exits (C to D) in the same direction as it entered the pattern (A to B), then the diamond can act as a half-staff pattern (half the move is still ahead). The move after the breakout (CD) will often fall short, so look for overhead resistance where price might stall.
Bulkowski's Diamond Top :-
thepatternsite.com/diamondt.html
If the diamond acts as a continuation pattern, meaning that price exits (C to D) in the same direction as it entered the pattern (A to B), then the diamond can act as a half-staff pattern (half the move is still ahead). The move after the breakout (CD) will often fall short, so look for overhead resistance where price might stall.
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