BTC/USD - Coinbase Diamond idea

2019년 9월 7일

To start this off.. i really don't know why my brain is convincing me of diamonds lately like 24/7 Its a weird obsession at this point and it's concerning.. xD
This is just an idea after all, but anyway here we go.
Will BTC go up or down? If we are talking short term, meaning from now and say 12 hours from now.. id say I could not tell you, I could say at the least we could go up because of 1. We went down, found some support, created some hidden bull div both on VAPI and RSI and we came up a little bit here, Im looking at the 30m and 45m and looks like those two time frames are having a squeeze watch and could very likely fire long. That would help at the least touch the upper trend line which is the orange and the pinkish line on my chart. Long term meaning from now and next week I am... holding the idea of a long obviously throughout this major triangle. Emotion and seconds thoughts will push and pull me from this being a solid idea (Also yet I will at the least admit that i'm kinda bullish in vain but yeah you know you can only make so many conclusions of something only after you have the info so when things happen I will change my mind and make a chart on it, what im saying is for right now... a Bullish scenario is RECOVERABLE.. but lets see how this plays out), but like I said, There are a particular ways we can break up to continue a trend to the upside... Keep in mind and i will say it again, I do... not like the weekly TTM histogram, the dang thing is screaming May day! May day!, until i see something to change my mind Im bearish for the Month(s) (I'm just gonna have this chart be neutral for now) - because it kinda includes mixed info
The idea: so my diamond idea is essentially the space i left, Made with 2 black lines.. I made the lines a little thicker and erased some things so its a little clearer to see. Obviously the volume has to react a certain way for this to happen and i'm aware of that, its not definite or anything yet, (just an idea) it would have some confluence with my chart beforehand which is nice if it actually happened.
Also later on, I will be getting a job soon so maybe.... just..... maybe lol I might get trading view pro, so you guys can enjoy 4-5 indicators on my chart at once, Ive also lost all memory on how to use the fib tools, and i will be including that later in my charts because I have to relearn them ***Correctly***. and make valid applications of it because it is very useful for me and for you guys. I also will try to attempt and include the MACD somewhere, because i think its a strong indicator.
Happy trading stay safe (Use stop losses please..)