AlanSantana

Bitcoin Weekly Bullish Signals

Long
BITSTAMP:BTCUSD   Bitcoin
Looking at the weekly chart for Bitcoin (BTCUSD), we have multiple bullish signals based on candlestick reading.

We have two hammers, week 16- and 23-May.
We also have an inverted hammer last week, week 30-May which closed on Sunday (5-June).

The hammer candlestick can signal a trend change.
It is specially telling when it comes at the bottom of a trend and/or near support.

We see these three hammers happening right after 9 weeks of red...
Telling us that the bulls are ready to move next.

We are going higher; see the chart.

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Namaste.

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