BTC/USD Coinbase Weekly Diamond Top confirmed?
-Note not all Diamonds and continuation patterns
- Diamond formed on the daily- a continuation diamond for a 4k move to the downside like its previous leg
- We had dropped under a pocket of space between 2 major triangular structures like scissors.
- TD Sequential looks like it's either going to form a red TD 9 in 3-4 days or Morph or turn the next candle into a Red 1 for the possible bearish continuation
- This high volume from the daily diamond could be the sign we needed to squeeze our of structure and into a bearish trend that could bleed the alts for shorters.
- While on a technicality it still early for "confirmation" it does not look too hot for Bulls or bullish people.
- Looks like the end of the new years short mumbo jumbo is playing so well it's laughing itself to sleep from the monthly hidden bullish divergence on the monthly.
- We completed 4.5k worth of my 14.8k Move from the weekly Diamond I have pointed out, if this "closes" out of structure, it looks like we hitting 38k like it's no tomorrow do to the easier volume well to the downside.
- As I mentioned we were very vulnerable from below and I guess these are the results I would suggest playing I spy with my little eye on the 1-4hour time frames and potentially think of shorting BTC or other Alts.
- There is still some cards left on the table to happen but for now they seem like a simple stall like a dead cat bounce, bull trap.. things of that nature.
- TTM Squeeze looks more bearish than before not helping the narrative to recover at all.
- Diamond formed on the daily- a continuation diamond for a 4k move to the downside like its previous leg
- We had dropped under a pocket of space between 2 major triangular structures like scissors.
- TD Sequential looks like it's either going to form a red TD 9 in 3-4 days or Morph or turn the next candle into a Red 1 for the possible bearish continuation
- This high volume from the daily diamond could be the sign we needed to squeeze our of structure and into a bearish trend that could bleed the alts for shorters.
- While on a technicality it still early for "confirmation" it does not look too hot for Bulls or bullish people.
- Looks like the end of the new years short mumbo jumbo is playing so well it's laughing itself to sleep from the monthly hidden bullish divergence on the monthly.
- We completed 4.5k worth of my 14.8k Move from the weekly Diamond I have pointed out, if this "closes" out of structure, it looks like we hitting 38k like it's no tomorrow do to the easier volume well to the downside.
- As I mentioned we were very vulnerable from below and I guess these are the results I would suggest playing I spy with my little eye on the 1-4hour time frames and potentially think of shorting BTC or other Alts.
- There is still some cards left on the table to happen but for now they seem like a simple stall like a dead cat bounce, bull trap.. things of that nature.
- TTM Squeeze looks more bearish than before not helping the narrative to recover at all.
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