Good evening ladies and gents, Title pretty much sums it up. We have maintained prices below the $8532 resistance without any follow through price action to the downside inside of a falling wedge, at the top of a critical downtrend we have been in for months after our massive moves up from our local bear market bottom at $3100. On top of that, you are forming 4 hour bullish divergence. A bit Scuffed as the price action has been kind choppy on its way down. That being said if you maintain prices where we're at, you are probably going to break to higher prices above $8532. Sellers are looking extremely weak right now, but at the same time, it's like, where is the demand? I maintain my long position for now. Just don't fall below $8270ish and we'll be fine. Break that, and we can see $7400 real fast. I am looking for a potential retest inside the pink box between $9100 and $9650 if the divergence were to play out. Of course, we'd need to break out of the wedge as well.
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