BTC Bear stance 💀
Bitcoin / Dollar BITFINEX:BTCUSD
So yeah. The big yellow bear flag . 👀
The confluence of indicators:-
PA Range: Maintains a consistant range of 25% since JAN 22
Fibonanci: 0.382 confluence with top of PA Range Level
Red Box: Major resistance level developed since JAN 21
Green Box: This is major support zone . The short play would be filled here.
OBV: resitance zone could make for a nice divergence given time. Regardless – it is still acting resistance.
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Cherry on top would be RSI creating bearish divergence in line with the RED selling zone
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