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RE: Bitcoin is Forming a Hammer Candlestick on the Weekly Chart - Bullish Signal?

in #bitcoin7 years ago

Nice, just a little while ago I was reading about candlesticks and the hamer was the first explained, I/We all hope to see a long posposed uptrend in BTC as well in the other alts.

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Good for you. I tend not to favour the various candlestick shapes and patterns too much, but on certain occasions such as now and with the hammer candlestick in particular, I thought it was quite interesting to see.

I'm bullish on BTC, and subsequently if it rises steadily over the coming weeks we should see a positive bull trend for the Altcoin markets.