Hammer Candle initiated new buying wave
The exspected consolidation stopped near by the min fibo correction Level (tp1 former view) and a big bullish hammer candle was formed. Such a candle is a signal that the momentum is still strong bullish and the buying pressure is still given.
The Level to watch is now: 4500$
Breaking that Level should initiate a new buying wave up to 4.800 respective 6.000$!
Trading below 3.800$ means aiming the former BO-Level at ~ 2.900$
Former view: Is it time to short the Beast?
The Level to watch is now: 4500$
Breaking that Level should initiate a new buying wave up to 4.800 respective 6.000$!
Trading below 3.800$ means aiming the former BO-Level at ~ 2.900$
Former view: Is it time to short the Beast?
Note
prepare for breakout! Note
Note
nxt 1 ? Note
aha Note
last resistance before we see the breakout..but watch the rsi, he is soon making a sellingsignal in this tf Note
RSI! Note
Note
kissing the bo-level 
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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.