BTC Diamond Pattern, Price target & Fibonacci level.

BTC is forming a diamond for a well needed healthy pull back. The price target would be 50k minimum, that would be the .236 Fibonacci level. $47387.56 is the .382 and $45699.57 is .50. If we retrace < 50% it will show the strength in the current market.
We also have a RSI failure swing in play. When the 233 minute 14 RSI is crosses down and a candle closes with a value< 57 it is a sign of confirmation or entry.

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Diamond has played out larger than originally expected.

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Keep watch for something like this, price has gotten so far along the diamond and tighter. It breaking to the upside wouldn’t shock me the way things have been going.

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Letting the price action fulfill the pattern. I don’t think we will re trace more than the .382 fib level. Price is making a bullish divergence on the 34m chart now, if it holds i think we will see the upside target $56153 but ill let PA tell me what to do.

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