BTC - D1 - YESTERDAY'S CANDLE IS A BEARISH ENGULFING PATTERN !

D1 : Yesterday's price action triggered a BEARISH ENGULFING PATTERN which closed
roughly at the level of the minor support trend line.
Today's price action will be very important and closing level this evening will bring
important information for the upcoming sessions.
Indeed, a failure to recover above this former "minor" support trend line would reinforce
the ongoing bearish sentiment calling for lower level.
BTC is currently traded inside the clouds and the next significant support level is @ 51'106 which
is the 38.2 % Fibonacci retracement of the 28'800 64895 rally.
CONCLUSION :
Global picture is still negative and in order to neutralise the ongoing downside risk, BTC, should in this
time frame, recover not only above the minor uptrend support line but also above the former base (57150 of the
former uptrend channel, which also coincides with the ongoing downtrend line resistance (in red) of the PHASE IV
and stay and hold in this uptrend channel.
Mid Bollinger Band currently @ 58575 remaining ONE OF THE BEST LEADING INDICATOR