After the hard Fall which just occurred for Bitcoin , it managed to rally up again, leaving us with a potential "Bullish Hammer Candle".
The Hammer Candle is not yet confirmed, so taking a Trade right now is not recommended. The Hammer Candle gets confirmed if the following Candle closes above the closing price of the Hammer Candle itself, ideally, with sings of strong buying.
Traders often enter a Long after the Confirmation, stop loss often placed slightly below the shadow of the Hammer Candle.
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This Analysis is not intended to be investment advice. Always DYOR.
The Hammer Candle is not yet confirmed, so taking a Trade right now is not recommended. The Hammer Candle gets confirmed if the following Candle closes above the closing price of the Hammer Candle itself, ideally, with sings of strong buying.
Traders often enter a Long after the Confirmation, stop loss often placed slightly below the shadow of the Hammer Candle.
If you like my Content, hit the 👍 and/or comment and make sure to follow.
This Analysis is not intended to be investment advice. Always DYOR.
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Hammer Candle is INVALIDATED!!!
Hammer Candle is INVALIDATED!!!