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cajones85
Oct 25, 2017 3:55 AM

Strong Bullish Hammer buy signal for BTC. GO LONG Long

Bitcoin / DollarBitfinex

Description

BTC broke down below the uptrend support line, and dumped sharply down to the .786 fib retracement area, where buyers quickly stepped in. This buying pressure then formed a bullish hammer on the 4hr chart, which looks a good entry to go LONG toward a new ATH.

Previous strong hammer buy signal was very successful on the 18th of October.

Enter around 5520
Target 1 5850
Target 2 6200

Comment

Target 1 reached, and have taken most off the table here.
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