 Bitcoin has broke down in the last few hours as it failed to move above the 200 day moving average. In this 24 hour period Bitcoin is forming a negative engulfing candle which is decidedly bearish. The next few hours is going to be key. The MACD is still looking positive but the 50 is still headed down. I got stopped out overnight, which I didn't think would happen, but I'm not going to complain about making a profit. I am decidedly cautious and am looking to see how everything plays out in the remainder of the trading day and especially tomorrow. **The information provided by StocksnCrypto is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs.**
| post_id | 45,363,108 |
|---|---|
| author | stocksncrypto |
| permlink | crypto-to-watch-bitcoin-btc-trading-breakdown-engulfing-candle |
| category | bitcoin |
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| created | 2018-04-25 15:22:39 |
| last_update | 2018-04-25 15:22:39 |
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| last_payout | 2018-05-02 15:22:39 |
| cashout_time | 1969-12-31 23:59:59 |
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| root_title | "Crypto to Watch - Bitcoin (BTC) - Trading breakdown - engulfing candle" |
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