If 4H closes equal to or higher than 1/2 way into the candle that will be a Hammer, will lay down horizontal support, and allows to buy immediately on candle close with a stop loss below the low of the pattern.
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Just do it, lol.
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Bearish divergence in BTC with Hammer in REN shows BTC and USDT moving into REN.
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4H RENBTC I believe is developing an entry signal based on Steve Nison's Shadow-30 strategy.
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Price Targets:
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Look where the money is going:
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BTC is done. People are selling their alts pissing themselves. Then you look at alts and you see the lower shadows. That's smart money buying. Look at the green band. Old resistance is becoming new support. This is Change of Polarity.
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In 4 candles BTC loses 8%.
In 4 candles REN gains 12% in lower shadows alone, from people panic selling.
This is pure accumulation. They will continue bleeding Bitcoin, people will panic sell and hold and panic sell and hold etc. People holding alts will panic sell, and in the mean time the lower shadows will tell you where the money is going. The invisible hand.