BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Nice hammer forming on the daily. If bullish reversal is confirmed: Target >18627 by May 2nd.
This is based on the median duration of 85 bars for each leg, and slope of 150 (inferred from previous legs: 2.88, 3.57, 3.98, 14.99, 42.66, 84.53).
And what exactly confirm you that?
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Ivalis FernandoMocer
@FernandoMocer, it may go lower than today. In this case the next leg would start on the new low (same length and slope). However, based on several indicators (e.g hammer candle, RSI, 200SMMA, volume!, blockchain discussion at US Congress), I think todays is bullish reversal. Let's see first if it can break the blue descending channel.
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@Ivalis, Hope you are right in that case I bought just in the right time. Todays move broke immediately resistance so Im waiting for that candle you said. Thanks
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