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BitcoinBearSlayer

Daily Bearish Englufing for BTC

Bitcoin (COINBASE:BTCUSD)  
BitcoinBearSlayer Updated   
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Wave Analysis BTCUSD BTC Bitcoin (Cryptocurrency)
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trendanalysis chartpattern waveanalysis btcusd btc bitcoin
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.....
Comment:
A look at the same chart using a line drawing instead of candles.

snapshot
Comment:
The price also was rejected by the 50 EMA.

snapshot
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