BEFORE READING, PLEASE UNDERSTAND THAT THIS IS AN ALTERNATIVE IDEA. IN MEAN TIME PLEASE USE OUR OTHER BITCOIN CHARTS TO ANALYZE MOVEMENT.
With that said, after looking at various charts with different indicators I noticed something very interesting. Something knows as a 'Hammer Candle' and since our candle is green, we can confidently say that it is a bullish hammer candle.
Ok, we got that part, but what is a Hammer Candle?
After a decline in price, the hammer's daily low indicates that selling pressure remains. With that said, a strong close, indicates that buyers are entering this game ones again. This also signifies a reversal which needs to be confirmed by further upward trend.
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