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Inverted Hammer

BTC- STILL BELOW THE DAILY CLOUDS...Looking briefly at the WEEKLY picture, a potential INVERTED HAMMER is in progress which usually is considered as a REVERSAL PATTERN (Wait weekly closing for confirmation of this pattern) In addition watch carefully the bottom of the weekly clouds support area @ 37'516, already tested once this week; a failure to hold above that level on a weekly closing too would add further downward pressure to the BTC for the upcoming week RSI below 50 @ 43.15 and the LAGGGING LINE is still in the clouds. Currently still below the TENKAN-SEN @ 40268. A weekly closing above the TENKAN-SEN previously mentioned would be positive for the upcoming trading sessions. DAILY (D1) Yesterday's price action triggered an HAMMER pattern with its closing level @ 39'417, below the daily clouds support level @ 40'054 Ongoing today's price action is showing an upside attempt to recover in the clouds ahead of crossing over the MBB , currently @ 40'323. IMPORTANT LEVELS TO WATCH ON A DAILY CLOSING BASIS ARE THE FOLLOWING : 40'825 (middle of the March 4th, long black candle !) 38'590 (former bottoms & potential double bottom !) A breakout of one of those 2 levels should trigger respectively an upside move towards, respectively to the Tenkan-Sen @ 41'174 and ahead of the top of the clouds(42'524) first, and potentially higher towards the former high @ 45'332, while on the downside, a failure to hold above38'590, should put the focus on the former daily congestion bottom around the 37'000 area, which has already mentioned in my previous analysis. Interesting to note the fragility of the 37'000 - 35'000 trading range. RSI below 50 @ 46.65 and the LAGGING LINE still above the KIJUN-SEN. 4 HOURS (H4) Below the CLOUDS , currently attempting to recover within the clouds area (39'652-41'875 Above the TENKAN-SEN @ 39'150. MID BOLLINGER BAND @ 40'580, roughly in the middle of the clouds resistance area. CONCLUSION : Once again, watch and monitor very carefully price action on shorter intraday time frames ! That will either validate or invalidate the implications of the scenarios previously explained. IRONMAN8848 & Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
+2.5% Quick Intraday play on EURNZDHi traders, THE STATEMENT Here you have a quick scalp idea on FX:EURNZD , using H1 for directional bias and M10 for execution. THE PLAY On H1 time frame, there is a bearish RSI Divergence forming since 14th of January 2022. However despite the RSI Divergence, there is no other confluences indicating a reversal (no Break of Market Structure or Lower Lows and Lower Higs ), meaning: We sit on our hands! On 18th January 2022, there is a clear Double Top forming (clear rejection between 10h00 and 11h00). To consider going short, we need the price to create a Lower Low and Lower High . For our trade execution we are looking for an entry on the 10 minute time frame . Price breaks our level and rejected it as well as EMA 21. Additionally candle closes as an Inverted Hammer . THE RESULT +2.5% for a quick intraday play that lasted 4 hours.
by cmacquet
STORJ ready to flySTORJ has now recovered with bullish candles from a downtrend after a bullish divergence appearing on 12hr and 4hr timeframes. Storj is currently holding on to EMA50 and aiming to take EMA200. Ichi span has exited out of a downtrend channel but still aiming downwards meaning it's too soon to enter this trade. The recent buy-volume has secured Storj a double bottom since Aug 19th and we are to place our SL exactly under the range of the previous Ichi channel below the double bottom zone. Keep in mind to profit-trail after your entry. BTC's safe range for this trade is between 6800~8200.
Long
by Zivul33
2
The power of tension and a inversted hammer candle...As you can see on the SBEV chart, there is a build-up of tension towards the end and an inverted hammer candle. The long upper wick of the candlestick pattern indicates that the buyers drove prices up at some point during the period in which the candle was formed, but encountered selling pressure which drove prices back down to close near to where they opened. When encountering an inverted hammer, traders often check for a higher open and close on the next period to validate it as a bullish signal. After this the price blew up from around 1.05 to 4.35 which is mor than a 4x And now some math, if you had invested 100€ at 1.05, and cashed out at the top (4.35), you would now have 414€ which is 314€ made in only 3 days. Here is the calculation: 100/1.05 = 95.238 95.238x 4.35 = 414,2853 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ If you enjoyed this post and agree with me, a like and a sub would be very nice : ) Stay updated for more content Bye! ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
AMEX:SBEVLong
by xtekky
3
VTHOUSDT Potential reversal trend on Weekly Chart LONGHi everyone Weekly" Possible trend reversal from down trend if we can get to break out from Symmetrical Triangle. There is local resistance at around $0.1 If we can over come this point we could be looking up to a reversal all the way to $0.2 Also Stoch RSI crossed up on over sold area. (After a few months now) This is a strong sign of having had reached bottom on down trend and now just looking to come back up. ALWAYS look for extra confirmation on any trade, Anything like a bullish candle such as the one we can see here "green Inverted hammer' Happy trading people (No financial advice) DISCLAIMER The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product :)
Long
by CryptoTraderRetired
Warning Signs for BTC short term drop!Bitcoin is showing some Strong reversal signs for at least short-term drop. Let's look at all those points that might be pointing towards a pullback or short-term drop for BTC - 1) Shooting Star or Inverted Hammer on Weekly of Bitcoin and on same time Bitcoin went up with decreasing and low volume which is VERY WORRISOME :- 2) Head & Shoulder on Hourly :- 3) Potential Completion of Wave 1 in Bull case for BTC :- 4) Potentially Irregular running flat or maybe Expanded flat possibility for Bitcoin :- 5) 10 Years Yields might be looking bullish for at least short term and might be going upto 2.4/2.5 and touch highs of downward channel :- 6) US Dollar also looking somewhat bullish for short term :- 7) Big Money doesn't have good reasons to buy Bitcoin at high levels. 8) This is Earnings season for market and especially this week has big companies earnings so you never what might happen. I am creating this post to raise some points that might be valid for bear case for Bitcoin for short term. Feel Free to share your thoughts in the comment section below. However, I would love to be wrong as i am long as well for long term and would love if Bitcoin continue it's Bullish run as it would be better for all of us. In the end, stay safe. And Enjoy everyone.
INDEX:BTCUSDShort
by StunnerStock
1
What Does the Inverted Hammer Candlestick Pattern Mean? Hello Traders! Have you ever wondered when will a strong trend end? Do you struggle to spot candlestick patterns that potentially signal when the bulls or bears might take over? Take a look at this example of EUR/CAD and let's see how the trade plays out! :) About the Inverted Hammer Candlestick Pattern and Why It Forms: The Inverted Hammer is a bullish reversal candlestick pattern. It occurs when the price has been falling and suggests the possibility of a reversal. Its long upper shadow shows that buyers tried to bid the price higher. However, sellers attempted to push the price back down. Since the sellers weren't able to close the price any lower, this is a good indication that everybody who wants to sell has already sold. And, if there are no more sellers, who are left? Buyers! And just an important observation, the Inverted Hammer has a small real body, and has a large upper shadow with a small or no lower shadow (also known as "wick"). Would you like to receive more "live charting" tutorials like this?? Comment below and let us know! :) Happy Trading!
Education
by BKTradingAcademy
2
Signs of a reversal coming due to Volume Exhaustion This stock has been way too hot. Which is awesome, my calls printed every day this week. However, it's likely do to reverse, and this is due to possible volume exhaustion on the stock. How to tell if the stock is approaching V.E.? 1- Gap up on the chart. From Tuesday to Wednesday the stock made a considerable gap up on the daily chart. 2- Huge spike in volume. Just look at the flipping volume. 224+ Million shares traded???? What???? 3. Evening star candle on the daily (in this case its and inverted hammer....also bearish). **Credit is due to I Heart Stocks channel on YouTube. Jack really knows what he's talking about and called this on yesterdays (Tuesday nights) AMD video.**
NASDAQ:AMDShort
by MeHoldYouLongTime
XRP two inverted hammers signal bull runAfter watching this closely via 4hr and 1hr i decided to dive into 15m to read whats going on. I see a reversal pattern know as a declining triangle, and now i see two inverted bullish signal hammers. Ethereum has gone to $2500 now indicates alt coins are on the rise. Follow cryptopanic for updates on crypto news and more. XRP looks healthy for a run back up to $4 but it will take time and alot of hard work letting everyone know its a good time to buy. Please share and comment. If you request a chart analysis for any other coin just ask! Seems as thought the floor is at 1.26 the ceiling we shall see!!!! Went super saiyan on my position.
BINANCE:XRPUSDLong
by UnknownUnicorn19607214
Bullish Unusual Options Activity on VIPS $1M PremiumNYSE:VIPS $1M in premium traded for 34.50 strike calls for April 30th expiration traded yesterday. Unusual Activity for $34.50 calls about 10,000 contracts traded around 10:45am @ approx $0.60 On the chart the stock had a a lot of down trend and inverted hammer for close on Friday indicating bullish sentiment. The inverted hammer is a type of candlestick pattern found after a downtrend and is usually taken to be a trend-reversal signal. The inverted hammer looks like an upside down version of the hammer candlestick pattern. After a long downtrend, the formation of an Inverted Hammer is bullish because prices hesitated to move downward during the day. Sellers pushed prices back to where they were at the open, but increasing prices shows that bulls are testing the power of the bears. Stochastics struggling a but to cross over but looks promising considering the unusual activity. Lot of time on these options I would recommend a vertical spread to keep theta at bay. Support 27.81 Resistance 30.05 Target 32.13, 34.54, 36.61 SL close below support. Follow more unusual activity signup for a free trail using my referral link marketaction.live Please let me know in the comment if you find this useful.
CAPITALCOM:VIPSLong
by marketaction_live