Bull or bear?

165
We cant really predict the future no matter how hard we try but we can do an educated guess from prior trends, from what we are seeing in the above chart, bitcoin seems to be finding it hard to close blow the 3400s, why we don't know for now based on FA. A visible close below $3381 may spell full doom for bitcoin because it might lead to a close below 3100s which means corrective leg B might extend, then we start looking at the region 2900s to hold as support. Already there are signs of a continued downtrend such as bearish engulfing candlesticks being presently printed, low and declining volume and the last low on the stochastic seems to have printed a bearish divergence on the charts (lower low point in comparison to other points' position). traders are advised to trade with caution and tight stop-loss as we watch to see if the $3400 to $3300 support area is broken. Note: am still very bullish that what is about to be formed is a second bottom (pending a third if possible) for a 123 formation to signify full bullish reversal. 123 means a Top, 2 lower highs and a double or triple bottom. lets keep watching the daily close of the candlesticks, pattern, price targets and momentum. thank you

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