BTCUSD - Trend reversal signal?

20 Eki 2018

BTCUSD is forming an Inverted Hammer candlestick signal on the 1W chart. This could possibly the start of a bullish rally since the rally last year. However we still need to wait for confirmation. ETF deadline (5.November) is also coming close which could drastically affect the price.

Criteria for the Inverted Hammer:

• Upper shadow/wick is twice the size of the main body.
  
• No/Little lower shadow/wick
  
• Preceding downtrend
  

Signal enhancements that have been met:

• Longer the upper wick/shadow = stronger the potential of a trend reversal
  
• Large volume
  

23 Mar 2019

İşlem kapandı: durdurma seviyesi

On hindsight, it's just a regular descending triangle.