After failing to break upward 48h ago and downward 24h ago, and producing lower highs and significant higher lows since beg of Feb, would today be the day of a BTC trend confirmation ?
Volumes are lower than yesterday, is flat, narrows. check out the same situation on 27 Jan, followed by a bull trap into the downward breakthrough.
Bulls should still be considering a rebound to 11.5k.
Bears a drop to 4.5k to 4k now.
I have reconsidered my views to neutral as I edged my position.
* I've added the rainbow Fibs retracement (From 09/2017 3k to ATH ) if any takeaways, I see drop #1 => 50% drop #2=> 62%, drop #3 78.6%.