Results of our poll is ready 🤝🏼
🔸First of all, most of you guys (60%) were right about the figure which is appeared on a weekly bitcoin chart.
Yep, you’re right that’s a hammer 🔨
🔸Secondly, 20% of our community think that it’s hanging man 👨 or shooting star the rest 20%🌠
I know that the form of a candle is about the same, but you should consider other factors 🥲
That is why I would like to help you spot the difference:
Hammer 🔨
Hammer pattern appears in a falling trend and indicates a bullish reversal📈
Hanging man 👨
Hanging man pattern emerges in a rising trend and indicates a bearish reversal📉
Shooting star 🌠
A shooting star occurs after a price advance and marks a potential turning point lower and a bearish reversal📉
I hope now it’s clear for you and we can go to the second part of my post🤝🏼
Based on back test and history of this bullish cycle we can find at least two situations with hammer pattern 🔨🔨
After that bitcoin price increased significantly for 29% and 19%.
What do you think will happen this time? Will we see same behaviour or not? Share your thoughts in the comments below 👇🏻
