Seems I might be having my draft post taken from me as I write this because I was going to be using the 4 hour charts to explain why I was still bullish and I see the price pump right before my eyes. But the fundamentals regarding hidden bullish and bearish divergence remain the same. We see the hidden bullish divergence in blue and the bearish divergence in red. I don't doubt that this pump we are seeing might fail and test the last set of blue lines, or we might be taking off right now.
If this bullish divergence was nested in bearish divergence on a higher timeframe (12h or 1d) we would not consider it the controlling pattern. But as we look at the 12h and 1D charts divergence is not visible. This divergence calls relative tops and bottoms for swing trades we see a higher low and we will either have a new high above $10k or we will see a bullish chart pattern such as a ascending triangle develop.
If this bullish divergence was nested in bearish divergence on a higher timeframe (12h or 1d) we would not consider it the controlling pattern. But as we look at the 12h and 1D charts divergence is not visible. This divergence calls relative tops and bottoms for swing trades we see a higher low and we will either have a new high above $10k or we will see a bullish chart pattern such as a ascending triangle develop.
And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion