GonzaloCelestino

BTC/USD Coinbase (Potential diamond forming on 3HR)

GonzaloCelestino Updated   
COINBASE:BTCUSD   Bitcoin
I believe I see a diamond forming on BTC on the 3HR and could break up or down roughly 1000$ according the the measurement of the previous leg.
Lets see what happens.
Comment:
I have updated my diamond, because of that little rebound. Now that's confirmed (For me), its just a matter of how long this triangle will extend simply because not every diamond is clean cut. Meaning there is a trying hours away from popping a cap in someone's wallet. Lets see whether the bulls or bears get excited here.
Comment:
Looks like BTC is ramping up again, lets see if we can close some candles outside of this diamond structure and push up.
Comment:
Interesting candle...
Comment:
I just have noticed an ascending triangle/wedge structure these past hours. (seems like its breaking up)
Comment:
I would... possibly expect a re-test of the triangle... but worse case scenario find TA signals that would convince you that this is a false breakout just in case.
Just keep in mind if this is coming out of a valid Diamond? theory and rule wise... we still should go up.. this also suggest bullish patterns as we go up, accumulations and what not.
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