BTC Core Macro Continues Downward Slide

Excited by the reaction off of that 6.4k touch, much of the crypto community has grown horns, and become bullish again. I understand it. I even hope(d) it was a nice strong reversal beginning. The Weekly tells a much more grim story.

A) Chikou has been rejected by the cloud.
B) Chikou has now traveled below price, as well as below T&K
C) In late Oct we formed an Engulfing candle. So far we've only resolved it to the downside (arrow) Holding that yellow block is important for Bulls to keep their "Reversal" hopes alive. The "Never below 6k again" crowd will get their answer if/when we test that block.
D) Look left......That Looooong.....Straight Cloud......Think it'll get a reaction? ::wink::

Bulls need to regain 7.3-7.5 to keep their hopes alive, imo. LHs LLs continue to be the reality. Perhaps we play an Edge-To-Edge on that Cloud, and tap 4.5k or so before making HL's and HH's ::wink::