THE INVERTED HAMMER
The Inverted Hammer is comprised of one candle. It is easily identified by the small body with
a shadow at least two times greater than the body. Found at the bottom of a downtrend, this
shows evidence that the bulls are stepping in, but the selling is still going on. The color of the
small body is not important but the white body has more bullish indications than a black body.
A positive day is required the following day to confirm this signal.
https://www.tradingview.com/chart/BNTETH/kmEcvDj7-INVERTED-HAMMER/
DISCLAIMER:
I am not a financial advisor nor am I giving financial advice.
I am sharing my biased opinion based on speculation.
You should not take my opinion as financial advice.
You should always do your research before making any investment.
You should also understand the risks of investing. This is all speculative based investing.
For future viewers: price of bitcoin at the moment of posting is 9536.90USD