BTC broke down below the uptrend support line, and dumped sharply down to the .786 fib retracement area, where buyers quickly stepped in. This buying pressure then formed a bullish hammer on the 4hr chart, which looks a good entry to go LONG toward a new ATH.
Previous strong hammer buy signal was very successful on the 18th of October.
Enter around 5520
Target 1 5850
Target 2 6200
Previous strong hammer buy signal was very successful on the 18th of October.
Enter around 5520
Target 1 5850
Target 2 6200
Kommentera:
Target 1 reached, and have taken most off the table here.