Bitcoin Weekly Bullish Signals Long
Bitcoin / U.S. dollarBitstamp
Description
⋅ 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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