BTC is due for a bounce in a bear flag formation. BTC is still midterm bearish as the OBV is downtrending and price below the 4H 200ema.
It remains to be seen that price break the structures outlined for BTC to flip bullish.
It remains to be seen that price break the structures outlined for BTC to flip bullish.
Note
broke down from the bear flag.Note
target almost reached.Note
Target reached, OBV at support, relief pump in the cards.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.