Capitulation Weekend!?

Bearish engulfing forming on the daily (especially if it goes another leg down) at what appears to be a bear flag on the daily. Today already has average daily volume and we have nearly 8 hours left (something like Aug 8th and 10th's volume). I really think BTC is heading for 5200-5400 range for the next flush out. Your alts will get destroyed if t his happens. MACD on the 4 hour, it looks like it's afraid of going bullish. RSI is also showing bearish divergence.

Side note, did you know that " !? " is called an interrobang!?

Have a great day, be safe out there. Please leave a like and/or a comment.

Beyond Technical AnalysisTrend Analysis

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