BTCUSD bullish hammer on daily again Long

BITFINEX:BTCUSD1D

Bitcoin / DollarBitfinex

Description

⋅ Oct 19, 2017 6:14 AM

BITFINEX:BTCUSD

BTC daily had a bullish hammer just like in August.

August hammer:

high was (then ATH) 4505, low of hammer was 3610, then rose to 4975
5 days from high to hammer. 10 days to next high

Current October hammer:

high was 5926, low of hammer was 5150, then row to ...???
5 days from high to hammer. ???? days to next high

Comments

MiloszKaszynski

⋅ Oct 20, 2017 11:09 AM

You missed 2 candles..

ttovmasy

⋅ Oct 19, 2017 6:52 AM

Very interesting observation! Thanks for your post. I was looking for more cues and this is a good one. Please check out my chart when you have a chance and let me know what you think about the overall period of the wave.