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RealMcafee
Aug 15, 2019 5:14 PM

Bitcoin (BTC, XBT) potential hammer reversal 

Bitcoin / U. S. DollarKraken

Description

Hammer forming on the daily chart. I picked up some at this level already, watching the close today. Potential hammer reversal. First target is 20 MA (blue), currently at 10750

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Hammer enough? Let's see, very volatile still.

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UP

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Target 20ma @ 10900

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20MA hit

Expecting dip

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re-bought

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100ma support, last chance for bull run a la 2016 here

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The 4hr 20ma was sold off, which is a bearish signal.

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Things looking good, let's see what happens over the next few days. Hopefully will stabilise here.

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This is where the first testing resistance is (see channel main chart). Profits here are slim so I will hold for breakout perhaps next week or sell at below breakeven.

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*... sell below at breakeven lol
Comments
kenzboard
feb 2016
RealMcafee
@kenzboard, indeed
CryptoCrawdad
Les doyt
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