📊 Market Analysis: Looks Good, PT 4

🔍 Observation

The market, particularly BTC and other coins, is showing signs of change. As discussed in a previous part of Looks Good, the weekly candle closing as an inverted hammer 🕯️ signals a potential pause in downward momentum.

Yesterday, I identified market manipulation 🤔 and acted on it in ⏰ Time to Act, PT 1 (ETC).

Today, a reversal occurred, leading to a little profit

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💡 Insights

1️⃣ An inverted hammer after a red candle suggests a recovery or continuation.

2️⃣ If smaller timeframes (e.g., 12-hour or daily) confirm this with a double pattern, it could lead to:

Filling the tail 📈

Possible upward movement 🚀

⚠️ BTC and other coins show red hammers or shooting stars on the monthly chart. If they close unchanged, it signals concerns for the market’s health.

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💡 Hints

🕯️ Candlestick patterns on higher timeframes are crucial for BTC and other coins.

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✨ Tips

✅ Monitor closely for double patterns on smaller timeframes, especially daily/12-hour charts.

✅ Stay emotionally detached—focus on data.

✅ Even small profits today can lead to larger gains tomorrow 💹.

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🎯 Takeaway

The market is at a critical juncture 🔑. BTC and other coins need attention. Yesterday’s manipulation provided an opportunity, and today’s reversal added profit. However, the potential closure of red hammers or shooting stars on monthly candlesticks poses a health risk to the market.

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⚡ Action

🚨 Stay vigilant—watch BTC and other coins closely as we approach the weekly and monthly candle closures.

📢 Expect updates in ⏰ Time to Act, PT 2.

✅ Be ready to act decisively.

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