B-17

Inverted Hammer signaling trend change, Bullish Weeks ahead

Long
BITFINEX:BTCUSD   Bitcoin
BTCUSD

Bitcoin printed an inverted hammer on the weekly chart. Typically that candlestick signals a reversal of the previous long term trend. Bitcoin has been in a bearish since November 2021. Reversing from here could lead to new highs, targets will depend on momentum and overall trend strength. For now, I continue to favor the long side.


I remain Long Bitcoin. $
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