BTCUSD is forming an Inverted Hammer candlestick signal on the 1W chart. This could possibly the start of a bullish rally since the rally last year. However we still need to wait for confirmation. ETF deadline (5.November) is also coming close which could drastically affect the price.
Criteria for the Inverted Hammer:
Upper shadow/wick is twice the size of the...
BTCUSD seems to be moving towards a bullish rally in this bullish pitchfork channel however the volume is not supporting it yet. If we do see more volume, that would further consolidate this bullish trend.
Also a possible Three White Soldier bullish reversal chart pattern being formed after the correction wave?
BTCUSD showing bullish signs/a reversal pattern after a prolonged downtrend. This bullish chart pattern, also known as the Ascending Triangle, has two trend lines representing the support and resistance. If 6750 is breached, wait for confirmation and go long.