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.
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.
Stay tunned