BTC - short term recovery, but ...

27 มี.ค. 2021

In the short term we have completed a bullish continuation flag after recovering from the 50 ema. This bullish momentum seems to be losing steam and further progress will require a show of strength in the coming week. A few concerns -

- Bearish volume profile as volume declines
- Bearish divergences across RSI, MACD and other indicators

Bulls want to see volume increase and price break the all time high. Bears want to see continued decline in volume and a failure to recapture the previous all time high leading to an ascending wedge / head and shoulders reversal completion.