Copy of BULL DIAMOND
Diamond was placed into a BEAR TRAP but then reversed. This TF reads trend rejection at 66K for a downtrend but then will reverse. Please ignore the price range. BITCOIN updates hourly.
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This idea link is called BULL DIAMOND, it's the before vs the after from this new idea.
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BITCOIN reads great health, be expecting a downtrend by sometime today. It may reject at anytime, if in the case it does, the trend will move in the same role but in a different volume from yesterday’s BEAR TRAP.
BITCOIN needs a reset.
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I’m expecting a down move at around or near 59k. Note
At 1:30 pacific time, (check your time zone) day traders begin to exit by selling, then we start the ASIAN session hours later. Note
1 HR TF reads as a signal, FALSE BREAK to the upside, it’s a period of 5 uptrend candles. BIT is currently on the 5th candle and there’s about 53 minutes left to close out 5th candle. The 6th should be a downtrend candlestick.
Today we also have the 4D TF 5 candle false break to the downside, the six candle starts to make its way up after 5pm pt on 9/12, this includes the 1 hour time timeframe. So there is nothing new or to worry about.
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4D TF FALSE BREAKOUT to the downside; the 6th BULL RUN candle starts at 5 pm pacific time, check your time zone!
Must keep in mind, a minor downtrend is expected before it launches.
Please read this comment as it reads.
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At 5pm pt, I’m expecting that minor downtrend
but will reverse. That will start after 8 minutes
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Nothing to fear from this minor downtrend. Soon will start making its way up. I’m expecting up to 1k to 2k uptrend and if you’re a short term trader, get your math straight because BITCOIN will correct roughly down up to 3k. The price will all depend on panic, if more traders hold, then Smart money will begin to move up the trend but this time will be much higher than 61k. Note
Smart Money is very silent. The balance scale as I watch these groups, it's like knowing them face to face.
Because it's unclear what's their next move. I have reasons to know, as retail enters the trade and just then we can expect the dip as it has been expected.
Smart money pushed up the price by very little to taunt. If retail delays then I'm now concluding based on TA and algorithm, BITCOIN WHALES will surge the price.
As I've seen some retail and sharks enter the trade, the price reduces. Patients, we are in a bull cycle.
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