Diamond patterns are characterized by a strong green candle followed by a strong red candle.
These are some of the most potent patterns as they occur in highly volatile times when market is indecisive with bulls and bears at war.
In this case we broke out + retest & bounce from this diamond, with a potential launch towards $30-32k (diamond target is height ie high to low distance).
We will monitor this closely as Bitcoin is still choppy.
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