Candle Stick Predictions

BITMEX:XBT   Bitcoin / US Dollar Index
Candle Stick patterns plays an pivotal part in Technical Analysis yet it is often overlooked.

As I mentioned yesterday 7.5k will be an extremely important psychological zone. The Bears were unable to break & close 7.5k. The two hammer shaped candles on the 4hour chart tells me we are in for a market reversal and Ive opened a long on 7.6k basically making a bet and following my intuition that we can break the all import 7.7k if broken it should rally to around 8k where we would have to stop and re-examine.

If we dont break & close 7.7k today prepare yourself for a possible weekend of trading between the 7.7k and 7.5k channel

Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Pine Wizards Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out