BTC on 4-Hour Time Frame: Diametric Pattern Signals Key Movement

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Hello traders, BTC appears to be forming a diametric pattern on the 4-hour chart. Based on this setup, Wave G has yet to begin, but it is expected to start soon, potentially driving Bitcoin upward as highlighted on the chart. The trade has been active for 7 hours, and current market conditions suggest there’s still room for upward movement.

Key Developments :

- **Pattern Identification**: BTC is forming a diametric pattern, and Wave G, an upward wave, is anticipated to begin shortly.

- **Risk Management**: For those already in a trade, it’s advisable to make the position risk-free as BTC approaches its upward target.

- **Position Closure**: As of one hour ago, the target has been reached, and it's a good moment to close the position as a potential short position is expected soon.

Conclusion :

BTC's current diametric pattern on the 4-hour chart presents a bullish opportunity with Wave G likely to start soon. However, as the position approaches its target, closing the trade is recommended, especially with a possible short position forming.

Advice :

- **Monitor Pattern**: Keep an eye on the start of Wave G for potential gains.

- **Manage Risk**: Secure your positions by making them risk-free once targets are reached.

- **Prepare for Reversal**: Stay alert for a short position opportunity once this upward movement concludes.