BTCUSD Possible 1h ignition candle sets rally towards 12800USD

9 ביולי 2019

Ignition candles set a spot where bullish and bear patterns begin or end, identifying one is easy, they are a lot longer than the rest and usually open and close with no wicks. We have seen one large earlier today bounce off 12800 and another bringing us down to 12400. We again seeing a promising one that seems to setting the way towards 12800 again.

This recent crash pushed our 12h prediction further away and we could see roughly 16hours if not more up and down swings until either the bulls or bears stamp their trend. Nonetheless a lot of trading potential here for both bulls and bears. Happy trading.