BitcoinLong
Bullish hammer on BTC/USD
Hello traders! This chart is on the weekly scale so this hammer might be a sign of a bullish reversal. Info on this candlestick pattern here dailyfx.com/education/candlestick-patterns/bullish-hammer.html
Also would like to note, it appears we are breaking out of our downtrend line. The Bitcoin fear and greed index has been in extreme fear the last couple of months, another possible sign of a reversal to take place.
Good luck!
Also would like to note, it appears we are breaking out of our downtrend line. The Bitcoin fear and greed index has been in extreme fear the last couple of months, another possible sign of a reversal to take place.
Good luck!
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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.
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.