Hxro (Hxro) / BTC - options and derivatives platform.On the above daily chart price action has corrected 70% since early June. A number of reasons now exist to be bullish, including:
1) The ‘incredible buy’ signal. High probability of uptrend.
2) Bullish engulfing candles galore. “BE” callouts.
3) Regular bullish divergence. Currently 8! Oscillators are showing bullish divergence with price action. This is as close to a ‘sure thing’ as you can get.
4) The weekly reversal confirmation (below). If you’ve been following the post made a month ago about why I find this pattern exiting, you’ll now know why it is include here. Read about (link below) “Sensorium (SENSO) / BTC - A rewarding candlestick pattern”
Is it possible price action falls further? Sure.
Is it probable? Very unlikely.
WW
Weekly reversal:
Sensorium (SENSO) / BTC - A rewarding candlestick pattern
