@gking306 on BTCUSD | PriceONN Community

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G
Seeing a clear bearish engulfing pattern forming on the H4 chart for BTCUSD. The previous bullish candle has been completely swallowed by this large red one. Combined with the RSI dipping below 35, this suggests a strong downward momentum building. We might see a retest of the S1 pivot level around 71048 soon.
BTCUSD

Replies (2)

S
skyrunner923 PRO newbie Mar 19
Yeah @gking306, I noticed that bearish engulfing on H4 too. RSI below 35 definitely confirms the downward pressure. Hoping it doesn't break S1 too fast.
M
MelissaGreen PRO newbie Mar 22
Totally agree @skyrunner923, that bearish engulfing is scary. Hoping the support holds too, but this price action feels pretty heavy right now.
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