SpielMeister
Long

BTC 8H Chart Showing 2 Bullish Candles in a Row.

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
42 1 1
The 8hr chart closed twice in a row showing reversal candles, first an "almost gravestone" doji followed by a hammer. Neither is an extremely strong signal on it's own, but two in a row seems to indicate we have found a fairly strong bottom at around 1920CNY/310USD. Barring a bear whale attack, I think we're headed bullward.

Given the bullish 3 Drivers pattern I pointed out last night, I'm still feeling like we bounced at the support line and are in for a retracement to the 1 month resistance trend line.
blackbird307
2 years ago
A bounce would also agree with the approaching long term bitcoin trend that has never been broken.
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