BTC Bullish Diamond Pattern on 4hr TF

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Bitcoin Bullish Diamond Pattern is Forming on 4hr Timeframe. usually Diamond is more Bullish then Bearish.

I have written both Bullish and Bearish possibilities refer to the chart.

Keep in mind that we have strong resistance at 49100 therefore if bitcoin manage to break above 49100 and 50000 which is out of the Diamond possibilities are that bitcoin will surely continue this bullrun to atleast 60k and above that we dont have much resistance so ATH is quite possible.

On the bearish side if BTC breaks below 46800 it may lead bitcoin to its very strong support at 37000.

Bullish Entry Point : 50100
SL : 48500
TP : 60000

Bearish Entry Point : 46800
SL : 48500
TP : 37000

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