If the latest daily candle for BTC were to close right now it would be a HUGE bearish engulfing of the previous day. Combine that with the bounce off the top of the bear channel and things are not looking favorable to the bulls right now. I remain in cash anticipating another visit to the bottom of the channel.....
Kommentera:
A look at the same chart using a line drawing instead of candles.
Kommentera:
The price also was rejected by the 50 EMA.