Bitcoin Hammer on 4h. Possible Reversal

27 de fev. de 2020

Hello, First of all, likes and subs are appreciated.

Key points about Hammer Candlestick pattern:

• Hammers have a small real body and a long lower shadow.
  
• Hammers occur after a price decline.
  
• The hammer candlestick shows sellers came into the market during the period but by the close the selling had been absorbed and buyers had pushed the price back to near the open.
  
• The close can be above or below the open, although the close should be near the open in order for the real body to remain small.
  
• The lower shadow should be at least two times the height of the real body.
  
• Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation.
  
• Trades are typically taken after the confirmation candle, not before
  

Additionaly to hammer, I spotted touch of the trend line:

28 de fev. de 2020

Trade fechado manualmente

🚨Price Failed Trend Line so 8300 is very possible now, looks like last fomo wave:

28 de fev. de 2020

Nota

#BTC on 4h i can see bull div, and price trying to break resistance. interesting