BTC confirmed the daily bear trend, while also making a nasty sweep to the highs. We've seen these developments before - even in the context of a sweep. Are there results this time? I don't know. But we may well not have seen the lows yet. I don't think it's all doom and gloom. We are still in a special position in the time frame above 1D. We may even be on our third high like last time. For now, I think it's best to sit back and wait rather than charging ahead on what could be the first day of further impulses. If we remove the divergence from here, I expect another sharp sell-off to occur. If we survive the div structure then things could get interesting. I can't answer whether we do. But you can easily plot the relative returns on either side of the market.
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