BTCUSD: Bearish Signal from Mother Candle on Daily Chart

Mother Candle - A big candle that engulfs the subsequent candles.

The Mother Candle formed on Dec 5th on a Daily Chart still holds good, with a Bear Counter Attack and a Fake Break Down. With the Rising Wedge to get to the Mother Candle, there is a very high probability that this could be a bearish reversal.

If there is a Break Down on the Mother Candle, there are known support levels from 92K to 85K. The price could dip down to one of these levels.

Let's see.