Long
BTC 8H Chart Showing 2 Bullish Candles in a Row.
The 8hr chart closed twice in a row showing reversal candles, first an "almost gravestone" doji followed by a hammer. Neither is an extremely strong signal on it's own, but two in a row seems to indicate we have found a fairly strong bottom at around 1920CNY/310USD. Barring a bear whale attack, I think we're headed bullward.
Given the bullish 3 Drivers pattern I pointed out last night, I'm still feeling like we bounced at the support line and are in for a retracement to the 1 month resistance trend line.
Given the bullish 3 Drivers pattern I pointed out last night, I'm still feeling like we bounced at the support line and are in for a retracement to the 1 month resistance trend line.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.