Results of our poll is ready đ€đŒ
đžFirst of all, most of you guys (60%) were right about the figure which is appeared on a weekly bitcoin chart.
Yep, youâre right thatâs a hammer đš
đžSecondly, 20% of our community think that itâs hanging man đš or shooting star the rest 20%đ
I know that the form of a candle is about the same, but you should consider other factors đ„Č
That is why I would like to help you spot the difference:
Hammer đš
Hammer pattern appears in a falling trend and indicates a bullish reversalđ
Hanging man đš
Hanging man pattern emerges in a rising trend and indicates a bearish reversalđ
Shooting star đ
A shooting star occurs after a price advance and marks a potential turning point lower and a bearish reversalđ
I hope now itâs clear for you and we can go to the second part of my postđ€đŒ
Based on back test and history of this bullish cycle we can find at least two situations with hammer pattern đšđš
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 đđ»