BTC Don't overthink it...its going down further

BITFINEX:BTCUSD   Bitcoin / Dollar
multiple large bear divergences on big time frames.

once these are taken into account in price action, then we can consider longs.
Kommentar: see also 3 day chart, same story.

although if btc bulls were planning a pump, i'd expect it to come around the time the 3 day MACD approaches the 0 line. It hasn't crossed that yet.

this could coincide with our bear forecast, as the $8k level and pretty much anything below that is expected to unleash a lot of buying power, even if it is only for the 30-40% bounce. We dump first and then the bulls attempt to rescue the charts using the 3 day MACD bounce off the 0 line.

Keep an eye on it.

(i don't have TV pro so i can't show you the 3d chart)
if btc bulls were planning a pump
this could coincide with our bear forecast,
even if it is only for the 30-40% bounce

All the above analysis are pure gambling
whoisthelorax Ezekiel2015
@Ezekiel2015, thats why i said watch for it. nothing wrong with thinking a few steps ahead.
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