BTC/USD Diamond on the Hourly?
Updated
I think it's a clean Diamond on the Hourly
2 Potential targets are shown by the rectangles, and barely any structural interruptions so if harmonics and volume wells do their job you get one of the two targets within a certain time distribution regarding the number of hourly candlesticks it will take to be one of the targets.
-It's either a continuation diamond or a diamond bottom. -According to recent trends... A continuation diamond.. is more probable but yeah you know, have your stops and such as always.
-This should be resolved today
-The rectangles are targets not stop/losses.
2 Potential targets are shown by the rectangles, and barely any structural interruptions so if harmonics and volume wells do their job you get one of the two targets within a certain time distribution regarding the number of hourly candlesticks it will take to be one of the targets.
-It's either a continuation diamond or a diamond bottom. -According to recent trends... A continuation diamond.. is more probable but yeah you know, have your stops and such as always.
-This should be resolved today
-The rectangles are targets not stop/losses.
Note
Alright well, Conclusion, the timing of the squeeze lasted to the next day over of the post. Sort of Worked its way down, that volume well was confirmed and Definitely hit the target on the lower side, sort of turned into… a seagul on the 1hour ever seen little seagul drawings? Sort of looked like that, guess when the buy volume started going down it wiggled a lot more than I thought it would but was slowly breaking down some levels. Anyway, cool.
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