multiple large bear divergences on big time frames.
once these are taken into account in price action, then we can consider longs.
Comment:
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)
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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)