SUMMARY
The day is not yet over but thus far, the green candle for Bitcoin Investment Trust (GBTC) is fully overencompassing the prior red price bar! This is quite exciting because this kind of engulfing price bars signal a trend turning point. IF this green price bar remains at current level and closes it even a bit higher, the future outcomes then will have a very bullish expectations.
Here is a didactic article that explains the Japanese Candlestick Bullish Engulfing :
http://www.investinganswers.com/financial-dictionary/technical-analysis/bullish-engulfing-pattern-2021
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