BTC/USD Multiple diamond options idea 4hr
2 Potential Diamonds within 1 on the 4hr
Diamond 1 is a 2.5k move down or up from where we are which is the red diamond.
Option 2 of Diamond 1 is a maturing triangle for the same result within the yellow zone.
Diamond 2 is the purple zone which is a 1.3k move potentially from a zone that will land at roughly 43403 to the upside and to the down side to roughly 41920 which could be either... almost 50% of the 2.5k move or the maturing of a diamond to shoot down 2.5 regardless.
This is a critical zone.
Because of how the structure has formed I see it this way, if your shorting you have 2 lives if your longing you have 1 in this potential diamond. I'm not denying obviously within bearish bias that we could use this Diamond as the reversal on the daily as an official bounce on the weekly for Longers or simply people who are bullish in this zone which I am in agreement with. Due to my previous TA I'm bearish until convinced other wise which I'm open to obviously and hopefully not too late...
I say this due to my "technical" bias of my Diamond top idea to 38k. regardless This pattern/flag forming is bonkers so trade with caution. We have 2 volume wells above and below whatever this is gonna do Now or in a couple days... I would not want to be against the trend.
Hope you guys liked this, I was going to make a video explaining all this in a bit more detail but I couldn't get down to it. Instead of give you condensed version of my findings.
Diamond 1 is a 2.5k move down or up from where we are which is the red diamond.
Option 2 of Diamond 1 is a maturing triangle for the same result within the yellow zone.
Diamond 2 is the purple zone which is a 1.3k move potentially from a zone that will land at roughly 43403 to the upside and to the down side to roughly 41920 which could be either... almost 50% of the 2.5k move or the maturing of a diamond to shoot down 2.5 regardless.
This is a critical zone.
Because of how the structure has formed I see it this way, if your shorting you have 2 lives if your longing you have 1 in this potential diamond. I'm not denying obviously within bearish bias that we could use this Diamond as the reversal on the daily as an official bounce on the weekly for Longers or simply people who are bullish in this zone which I am in agreement with. Due to my previous TA I'm bearish until convinced other wise which I'm open to obviously and hopefully not too late...
I say this due to my "technical" bias of my Diamond top idea to 38k. regardless This pattern/flag forming is bonkers so trade with caution. We have 2 volume wells above and below whatever this is gonna do Now or in a couple days... I would not want to be against the trend.
Hope you guys liked this, I was going to make a video explaining all this in a bit more detail but I couldn't get down to it. Instead of give you condensed version of my findings.
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