and we got a July failed hammer ?

TradingView

Go PRO

Bitcoin / U.S. Dollar (MTGOX:BTCUSD)

MTGOX:BTCUSD Bitcoin / U.S. Dollar

the month ended but what did look like a perfect happen got destroyed by panic http://en.wikipedia.org/wiki/Hammer_%2528candlestick_pattern%2529 ...........well done bitcoin well done

hehe... Hammer...Proper :D

v. good observation and "If the body of the Hammer is white, then the situation looks even better for the bulls." :)

Your funny man. It's the first day of August and you call the hammer a failure? We have a whole month to move up.

MrJozza

seams you dont look at upper wick

myselfbtc

Is that what that is? I thought it was a smudge on my monitor. Regardless, even if we correct on the first week, we have 3 more weeks to produce a nice green candle for you.

MrJozza

we can have a rally or not that to be seen, what happen wont change the fact that the hammer was perfect until ppl start to panic and destroy it

have you even read the page you've mentioned?! :D
long wick and a short wick that's a hammer, the short wick is about 1/5 of long wick here

HosseinMansouri

you only compare wick's to candle body

myselfbtc

you have to compare wicks and body relative to each other

HosseinMansouri

where did you read that ? Nison never talks about that

myselfbtc

can you explain why it's not a hammer then?! because it's 1 dollar lower than what it should be?! :D

HosseinMansouri

is a failed hammer

myselfbtc

no it's not, it has all the properties of a hammer, long wick, small body, none or small wick, no matter what you see in your monitor it's a hammer and the formation doesn't mean anything actually, the meaning is important here, it means retracement has ended and that is all

myselfbtc

this is a hammer man, what is this funny idea!!!

How It Works

Features

For the WEB

Widgets

Community

Blog House Rules Moderators People Chat Chat History Press Referral Program Advertise

Tools and Features

GO PRO Stock Screener Forex Signal Finder Economic Calendar AppStore Stock Charting Library Trading Terminal Publishing & Social Tools Education

Support

Status Page Feature Request Help & Wiki FAQ Contacts Terms of Use Risk Warning Privacy Policy Cookies Policy

Trading Ideas

All Trend Analysis Harmonic Patterns Chart Patterns Indicators & Overlays Wave Analysis Gann Beyond Technical Analysis

Made with

From the creators of MultiCharts

Select market data provided by ICE Data services