BTC/USD Coinbase (Potential diamond forming on 3HR)

19 thg 11, 2020

I believe I see a diamond forming on BTC on the 3HR and could break up or down roughly 1000$ according the the measurement of the previous leg.
Lets see what happens.

20 thg 11, 2020

Ghi chú

I have updated my diamond, because of that little rebound. Now that's confirmed (For me), its just a matter of how long this triangle will extend simply because not every diamond is clean cut. Meaning there is a trying hours away from popping a cap in someone's wallet. Lets see whether the bulls or bears get excited here.

20 thg 11, 2020

Ghi chú

Looks like BTC is ramping up again, lets see if we can close some candles outside of this diamond structure and push up.

20 thg 11, 2020

Ghi chú

Interesting candle...

20 thg 11, 2020

Ghi chú

I just have noticed an ascending triangle/wedge structure these past hours. (seems like its breaking up)

20 thg 11, 2020

Ghi chú

I would... possibly expect a re-test of the triangle... but worse case scenario find TA signals that would convince you that this is a false breakout just in case.
Just keep in mind if this is coming out of a valid Diamond? theory and rule wise... we still should go up.. this also suggest bullish patterns as we go up, accumulations and what not.