Bitcoin is not out of the bearish trend yet for the following reasons :
- Still following the trend line downwards.
- Below the Kumo cloud very unlikely to reverse in the short term
- Kumo tested but did not break out
- Tenkan crossing Kijun from the top = bearish signal reinforced
- Chikun (lagging span) below prices, tenkan and kijun
- Still following the trend line downwards.
- Below the Kumo cloud very unlikely to reverse in the short term
- Kumo tested but did not break out
- Tenkan crossing Kijun from the top = bearish signal reinforced
- Chikun (lagging span) below prices, tenkan and kijun