BTC Don't overthink it...its going down further
multiple large bear divergences on big time frames.
once these are taken into account in price action, then we can consider longs.
once these are taken into account in price action, then we can consider longs.
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)