/biz/ - Business & Finance

>>29925296
>bullish falling wedge continuation pattern
>triple bullish divergence on MACD and RSI on 4h
>three white soldiers reversal candlestick pattern on 1h also on bullish divergence
>hidden bullish divergence developing on the daily
>got close to golden ratio Fib retracement and strong support at 42k
>this can't be happening
honestly only weekly looks like shit with that bearish divergence and bearish engulfing candle

>>29899120
definitively some reasons to open long here looking at that 4h chart
>triple bullish divergence on MACD and RSI
>falling wedge tends to break to the upside
>dropping volume
>possible hidden bullish divergence developing on daily timescale
>1h forming bullish pinbar reversal candle as we speak
>strong support expected at 42.5k (previous ATH, golden zone Fib retracement and edge of parabolic run all converge there) so worst case scenario this only drops 5% more before bouncing
bearish case? weekly candle looks nasty and before we pivot that hidden bullish divergence argument on daily is not invalidated until id drops below 30k so potentially more downside