Bearish reversal intact. Still short on lower weekly levels.

Jul 13, 2018

Bitcoin is trading within the projected channels (blue dotted lines) after being rejected on the latest Lower High Resistance of the 1D Channel Down (RSI = 41.424, Highs/Lows = -160.6788). The 6,142.60 "weekend target" hit earlier on the very bearish 4H MACD = -89.600, Highs/Lows = -1.6516, B/BP = -144.3262. The new Low on 1H at 6,079.9, was swiftly bought back on a 4H Engulfing Bullish candle (Williams = -50.867), showing the first signs of the support ahead (6,000) for BTC. The volumes are increased (24.98K) on yesterday's -2.02% 1D candle and today is no different, so higher chances for another equal decline. If that happens then the 1W candle (currently at -7.70%) will nearly erase all the gains for BTCUSD of the previous two weeks, which puts a Saturday price near 5,800. TP stable = 5,617.40 (1W EMA100).