This is not the time to be bullish

I think bitcoin has just formed a diamond pattern. If I'm right, it means that we will see the last leg up to the upper edge of the blue rising wedge, which at the same time will be a retest of that wedge. Further price movement will perhaps form a Head and Shoulders formation, but I think it is more likely to be a decline with smaller or larger bumps.

This is not financial advice.

Komentarz:

Looks like bitcoin doesn't give a damn about my diamonds, ha ha. We'll see how this develops.