altcoint
Long

Candle Patterns Calling For a Long

BITMEX:XBT   Bitcoin / US Dollar Index
Candle Patters plays a pivotal role in TA. However, it is often overlooked. Candle patterns gave us a clear signal before the recent dump occurred and it is now showing us the following:

2-hammer shaped candles on the 4-hour chart shows that the Bears are exhausted and a market reversal is imminent.
As I mentioned yesterday the 7.5k zone is an extremely important zone, especially from a psychological point. The bears were unable to CLOSE below 7.5k.
The 2-hammer shaped candles confirmed to me the trend is starting to reverse thus I entered a long at 7.6k

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