1MO TF on a volume chart, has a BULLISH hammer and there’s about 5 days and 6 hours left.
How can we know it’s a bullish hammer?
1. Hammer must be at the bottom of the trend.
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2. Hammer can be red or green but as long as it’s found at the bottom of the trend.
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3. 1MONTH TF has a hammer at the bottom of the trend.
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Since we’re expecting BULLS to come forward, this hammer has potential to be void and null because if BITCOIN BULL RUNS, this candle has potential to become a BULLISH dragonfly DOJI which is much powerful than a hammer.
I’m sharing this because there are ideas sharing a huge BEAR CRASH on an 1 MONTH TF and I know how they’re getting that calculation. There is a double top but if we pay close attention it was a whales tactic to try and deceive many because the trend rejected and moved back up.
The facts speaks for themselves.
Men lie, woman lie but chart facts don’t lie.
Who created this pattern?
Whales, so then we look out for price action and the price action will speak to us the facts and the wicks tells us good and bad stories.
This 1 MO TF volume chart lower wick is reading us a fabulous book for bitcoin to reach a new ATH.
I would not be worried for this BEAR CRASH prediction. I would not get advanced into thinking crash because we focus on the NOW and now reads BULL RUNS.
In the past many ideas from months ago said the same thing and we’ve had fantastic BULL RUNS.
We’ve experienced horrible downtrends from this BULL FLAG but we are almost threshold to breakthrough and shows it has.