BitcoinShort
Weekly Diamond Top seems to be playing out to the downside
Updated
-I am short...
-We formed a Inverse head and shoulders and a Diamond Bottom at the same time on the 1-2 hour time frame which was ultimately what I will mention next.
-Seems like we formed a bear flag on the 1-2 hour and moved lower with an A13 giving us clues to the volume that was to come
-More structural stops will become more common on the micro if we go lower
-Pray it does not fall under 30k (Doubt it)
-This fast movements helps validate the weekly diamond even more even after the fact of its conception
-We are moving into a new lower structure
-My target is somewhere around 38k
-40-45% of the Weekly Diamond Top is complete. in theory... it should keep going lower.
-We are at a potential support area on the 4-3 hour so scalpers watch out to make Longs.
-We could have a decent bounce even if the end result is lower within the week to come meaning we could have "some" green days.
-We formed a Inverse head and shoulders and a Diamond Bottom at the same time on the 1-2 hour time frame which was ultimately what I will mention next.
-Seems like we formed a bear flag on the 1-2 hour and moved lower with an A13 giving us clues to the volume that was to come
-More structural stops will become more common on the micro if we go lower
-Pray it does not fall under 30k (Doubt it)
-This fast movements helps validate the weekly diamond even more even after the fact of its conception
-We are moving into a new lower structure
-My target is somewhere around 38k
-40-45% of the Weekly Diamond Top is complete. in theory... it should keep going lower.
-We are at a potential support area on the 4-3 hour so scalpers watch out to make Longs.
-We could have a decent bounce even if the end result is lower within the week to come meaning we could have "some" green days.
Note
Lets go! :)
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