BTC has been trending downwards for more than 200 days, and is currently printing a bullish engulfing candle on the weekly timeframe!
if we close this candle above the previous candle's open price, which is about $21038 , we can expect an uptrend to start, which is what happened last time we had a bullish engulfing candle at the end of a downtrend: last year, in...
This is one posible scenario for BTC, I will publish another one.. If we get a good bounce from 7800 -8200$ level, we could asume that wave 3 is starting and it will get a break out of the dowtrend channel. End of correction, But if 7800 Support Breaks down, then we could hit 5.000-6.000$ again, to do a double bottom.. but this is less likely, feel more...
