Technical analysis by stanosky about Symbol BTC: Buy recommendation (8/27/2023)

Diamond formation on the four-hour chart Overall, I am bearish on bitcoin in the long term, but I think we will soon see a quick upward bounce. The diamond formation in the four-hour time frame seems to confirm my position. Moreover, the rebound will most likely be a natural re-test of the lower edge of the weekly upward wedge (you can see it on my previous analyses). I believe we will see a real crash immediately after that. This is not financial advice.