NAV price crashes further as we move towards beautiful afternoon. Sell pressure is killing NAV at the moment and many investors are losing interest. Red candle shows a spike that's pulling it downwards. Road to 3k is diminishing as investors hold their breath and hope for something bigger.
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FJKP9Gtr.jpg&t=663&c=AbDC5B6k-D21kg)
Dude, you're hilarious and your trade analysis is even funnier!
I'll let you in on a little tip; you need to look at more than just price candles to know what is happening in the market from a TA perspective.
Here's a plot of 12 hour candles and the Relative Strength Index:
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F6bxBUEt.png&t=663&c=clJOGcR_k6Rs3g)
This is called Hidden Bullish Divergence:
http://www.babypips.com/school/high-school/trading-divergences/divergence-cheat-sheet.htmlIndicates underlying strength. Good entry or re-entry. Occurs during retracements in an uptrend. Nice to see during price retest of previous lows. “Buy the dips”
It's also potentially forming a
Bullish Flag ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FFXIJjmx.png&t=663&c=e_axdg4I1SBanA)
I wouldn't be surprised with one more peak and dip to form a 3 driver pattern before we break our previous ATH.
The retracements are also perfectly lining up with Fibonacci levels:
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FNekKOls.png&t=663&c=pABU4qAfOfjRWw)
All of this is completely normal in an uptrend. This is a very healthy position for price and we have barely even started!
Happy trading everyone!
Pakage what programme do you use for this analysis?