meghal.jani
Short

A bearish engulfing candle at the support level

OKCOIN:BTCUSD1W   Bitcoin / Dollar Forward 1 Week
There in a clear bearish engulfing candle at the support level of $212. I do not believe that the support level will hold despite the divergence at the four hour chart. Next stop is at $165.
I do not see the same bearish engulfing candle on Bitstamp and bearish engulfing candle on the 4h does not spell 165 doom.
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