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Bitcoin: Bearish Reversal - Fib Time Zone Level 8th

Higher lows are the point of concerns, however, we do have enough indicators throughout this consolidation phase that the price may not hold longer with this volume. Although I would love to see the price going above 12k to see more volatility but the local up-trend is converging and its support line has already been breached on 4H.

See this chart: https://invst.ly/6u1rz



Price volume is diverging from up-trend, Fib Time Zone, possibly indicates a trend reversal around Mar 7 (+/-1day). Plus Fib 0.382 should hold around 11281. If not, then, shorting this (below 11k) has higher chance of hitting than going long. I am ready for both trades though!

Or see my ideas on TreadingView.

Crypto Short

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