Bitcoin traders are eyeing a "bullish candle hammer" that has emerged on Bitcoin's weekly price chart, which they believe could signal a reversal of the downtrend over the past month.
“There appear to be signs that Bitcoin may still be bullish,” Jan Happel and Yana Allemann, founders of on-chain data platform Glassnode, commented on May 9.
Experts noted that the Bitcoin price chart closed on May 5 with a bullish candlestick with a small body above a thin long line called the "wick".
"Bitcoin's weekly bullish candle puller... reversal is imminent," added crypto trader Mister Crypto.
A reversal signal may be coming as traders have pushed prices down significantly for 7 days. Buyers managed to move aggressively near the candle open, indicating a change in sentiment.
Commenting on the subject, Negentropic said, "This week's pullback looks like a healthy correction before a rally. Corrections usually retrace 50 percent or 61.8 percent of the previous push move."
Crypto trader Rekt Capital wrote in a May 9 post that long, downside wicks are often the key to ending the 20 percent-plus correction for Bitcoin “over the past year and a half.”
Bitcoin closed at $64,109 for the week ending May 5, according to CoinMarketCap data. A 20 percent increase from this level would push Bitcoin past its all-time high of $76,822.
PLEASE READ CAREFULLY FOR THE GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. DON'T FORGET TO FOLLOW IF YOU HAVE NOT FOLLOWED YET. KIND REGARDS.
