BTC bearish divergence

20 Mar 2023

BTC is hitting a key level of resistance made up of key fib levels and previous price levels. As is has approached this zone of resistance it has started to lose momentum on both market liberator B (momentum and money flow) as well as RSI. The 4hr, 2hr, and 24m charts all have the same signals and it is only a matter of time until we print a red dot on the daily forming a powerful bearish divergence. This trade could be a little early as we might trade sideways for a few days and wick the SL but if the setup stays strong I will renter the trade.