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Negativedivergence

If BTC can't break 2951, then history will repeat.Red lines = everytime MACD (11,24,11) divergence has gone below -10 after being up > +10. As you can plainly see, it's pretty rare that the 1 day MACD is unreliable with these parameters. This recent fall has tried and failed multiple times to get past the 2951CNY mark. If we use 11/10 as a guide BTC would be going down 20% to around 2330---however I'm at least a little more optimistic that it will, at worst, bounce on the 2450 (or maybe simply 2500) fibonacci support line before climbing back up. Bear in mind (no pun intended) that the 1 week MACD is due for a drop though, meaning things could get perilous real fast.
BShort
by RyanMartin
SPX500 -- My Predicted, "Market Meltdown of 2016-2017"Prepare for the coming storm. It's been a nice long run, but all good rallies must come to an end. We're nearing an inevitable drop. The market has sustained this rally for too long, on lower and lower bullish volume, is losing momentum, and will crash. You can see other equities and indicies preparing for the same style of drop. Do not get blindsided! This is not the "End" for us, but "They" will be capitalizing on this chance to gain more controlling interest of all equities and indicies just like they did during Y2K, 2008's stock market crash and this inevitable meltdown. Please prepare accordingly and do not not-believe that this cannot happen. Protect your fortunes and assets! Thank you for your time and God bless you all.
FX:SPX500Short
by Crit_Nasty
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