BTC on the fence.
BTC/USD COINBASE:BTCUSD
currently i am watching this 3 day time frame. as the orange pattern lines up with the 200 ma. the 200 ma hasn’t broke since beginning of 2020. the weekly timeframe that i will post later also showing some weakness with money flow thats been declining for sometime. still looks pretty neutral for now not super bullish or bearish .
note: everyone is talking about this pattern ( bear flag ) it also wouldn’t surprise me to dip out of this pattern to maybe the 35k area and liquidate some longs for a bear trap then come back up while everyone shorts. 35k is the bottom of the channel on the weekly tf.
