ChartArt
Short

The alternative bear scenario for April

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
195 1 4
I usually don't post conflicting charts on the very same day, but the battle is hard right now with no clear winner, yet.

If the bears win this battle next days, they have a lot of room to drive the price to the downside. I drew in where I see the first resistance areas with green lines.

The default MACD is bearish and the classic 50 day price moving average is also bearish . Not a good sign.



// Some background feature ruined my chart. Here is how I wanted it to look like:

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