#Bitcoin = Possible Motive Wave Down = 16.10.2021 $BTC #BTC #crypto #cryptocurrency #investing #trading

Yesterday BTC formed a very strong and clear bearish Engulfing on the hourly chart. I can see that the structure of the current wave down is rather motive than corrective. If BTC drops to about $59200 in the next several hours in the same manner, that would be a concern. A possible path on the…