Bitcoin Diamond (BCD) Could be Ready to Build the Right Wall of Price Rounding Pattern
While the fractal nature of previous to current price action still stands valid as noted in previous analysis, Bitcoin Diamond (BCD) has extended the price correction to fit into the complex type as shown by the blue waves. Based on pattern, there is likelihood that the blue Z wave might not necessarily require a lower low.
The final triangle morphs the complex into a combination type. Note the proximity of price to the apex in the oultined blue symmetrical triangle; its forecasting a likely breakout.
The overall pattern look is that of a price rounding formation. A breakout from the Z triangle could provide the start of the impulse to build the right wall of the pattern.
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