BTC Bear stance 💀

Bitcoin / Dollar BITFINEX:BTCUSD

daveleicester

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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