To reiterate, we are looking for bullish divergence on the daily when we hit between 8400 and 8800 price range. If you look at my previous TA on this, you'll see we have been getting extremely close to our target of entry. For the mean while, short term we are actually bullish despite dropping over a thousand dollars in value over night. We are showing lower levels of negative momentum as well as bullish divergence on the RSI on the four hour. Prices may drop a little further, but I would not expect too much if it does. I am in strong belief of upside potential short term before we hit our target of entry between $8400 and $8800. These are patterns built more around the daily time scale but are more reliable. We will run up and down many times as seen on my previous TA before hitting our ultimate entry target of the Bullish Gartley Pattern! In that case, we'd expect lower levels of negative momentum built on the daily time frame as well as Daily bullish divergence on the RSI. Time will tell ladies and gents! But short term, don't be surprised if we run up once again! :D
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.