Are we seriously going to have a massive bearish engulfing candle on the monthly for BTCUSD? Bitcoin you slut!
Monthly candle closes in just over 6 hours and we're only hundreds away from engulfing the previous candle. Much bearish! Goldman and bois need to load their bags, and in order to accomplish that the fear needs to be amped up. Tether FUD not enough and now the TA is lining up.
$8700 or even lower is back on the table IMHO. What do you guys think?
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Update: Bearish engulfing 1M would be interesting ... last time it happened like this was Jan 1, 2016 and it was followed by a 20% green. Before that Aug 1, 2015 again followed by long rally. Something to consider.