BITCOIN Weekly Closes Bullish Inverted Hammer (Down Then Up!)

Weekly candle for BITCOIN’ (BTCUSD’) closes as inverted hammer. When it comes to candlesticks, this is a bullish candle, take a look:

"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, and when it appears in an uptrend is called a shooting star."

Consider the following points:

- Strong support (6k level making bears go crazy)
- Bottom of downtrend.
- Increasing green/bull volume.
- Market sentiment changing.
- Altcoins on a bull run.
- Alan Masters
- Namaste.

Note: Expect a small retrace in price followed by a move up to test our next resistance.

Next target: Galaxy Travel.

Thanks a lot for reading.

If you enjoyed this post, feel free to like, comment, share & follow for more.

God Bless You!
Divine’ is your Soul.

Namaste.

Comment:

Previous analysis:

Comment:

Bitcoin Sideways Continues. This is what we were expecting for a while, sideways action with small bouts up, this allows time for the altcoins bull run to continue.

At one point Bitcoin will do another push up and then retrace back to the same range to allow more times for the altcoins to continue.

For now, we have $6500 as very strong support, holding since 21st September, and $6780 as resistance with $7000 being very strong resistance.

Here is the chart:

Your support is highly appreciated.
Please like, share, comment and follow

Namaste.

Comment:

Bitcoin continues with sideways 'boring' action... So we trade altcoins - FOR HUGE PROFITS - in the meantime.

DNTBTC is moving up, gave a 'warning' 9 hours before it happened, take a look:

MCOBTC, we have it since 6th September, huge profits now:

Enjoy the trades while we wait for Bitcoin to resume its action.

Thanks a lot for reading.

Thanks again for the amazing and continued support.

Namaste.

Comment:

Decred (DCRBTC) will be added to Binance tomorrow.