JoeyRocket

Bitcoin Bullish Reversal - Inverse Hammer Monthly Candle

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I would never buy just because of this but its good to see and I'll be watching super closely. I do think we are due for a bump. The question is how long will the bump last. Either way I will do my best to capitalize on it and prepare for the worst.
Monthly chart

Great luck and please like the post if you found this insightful! Please share ideas if you see holes in my TA, it will help me and the people reading this. Thanks!
I'm no pro and I will make mistakes so its always great to get 2nd and 3rd opinions after mine.
Joey Rocket
what do you think of my prediction?
+1 Reply
JoeyRocket TheRealDemo
@TheRealDemo, nice. Could be, I'm ready for anything
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I always struggled with understanding why this would be Bullish, seems like a Bearish sign to me because the Bulls pushed upwards, but were pushed back down by close by bears. Bill Williams says that one of the next 3 candles has a 90% chance of being green, so there probably is some truth to this being potentially Bullish, I just never understood why. Will be interesting to see what happens for sure (not saying you're wrong by any means, it was a good observation).
+4 Reply
@Korastiz, Thanks and I don't get it either. Lol haven't delve too deep into candle patterns yet. Working on it among others ya know. Thanks for viewing and the comment
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Korastiz JoeyRocket
@JoeyRocket, Yea, there's a ton to learn :D and take into account.
+1 Reply
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