Bitcoin (BTC / USD) Bullish Monthly Candle - Confirmed - Why?
We all know that in the last 2 months Bitcoin has gone from $ 4,000 to almost $ 9,000, a 125% increase.
But today we have a confirmation, since it closed the month, of the Hamer candle of the previous month
Let's see
The important thing is not only to have a Hamer candle that indicates a change in trend, we have to have a confirmation. Today we have her reviewing the next candle
Just as we had a downward momentum, confirmed by the next monthly candle.
Today we have the confirmation on the Rise.
This month's candle closed with a bullish engulfing candle confirming the trend.
Does that mean that there will be no price correction in the coming days?
This does not mean that due to the analysis of long-term candles, Bitcoin has an upward trend.
There may be other indicators that give another trend, analysts must make decisions based on different indicators.
What you think ? Bitcoin up or down?
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Protect your assets use Stop loss
The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.
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