ChangoMan

BTCUSD BTCUSDT Divergence Developing HUGE

Short
ChangoMan Updated   
BITSTAMP:BTCUSD   Bitcoin
1. Last bearish divergences have taken the price down almost inmediatly.

Only the latest divergency (february), had an upwards extension before taking the price down.

2. Divergences took us down to the initial price from when the divergence started. This current divergence can take us down to 30k which is where the divergence started.

3. Currently we are in the 3rd peak of the current biggest divergence.

4. I dont know if it will have an extension before taking us down. So, we may go upwards before falling, or we can go straight down.

5. BETWEEN may17 and june17 we had a medium divergence, and then we entered a bearish market for 1 month which took price down from 3k to 1.8k almost 50%

well, we actually had 3 divergences 2017

Take care.
Comment:
We already touched the 3rd peak of the big divergence, which according to 2017 marks the Beggining of the 3rd smaller divergence. This may take us up to a price mark of 67k WITH A DIVERGENCE RSI PEAK, and that will be the CONFIRMATION for us going down to a price of aprox 41k before going bullish again.

Stay tunned
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