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JUST IN: Biopharmaceutical company Acurx Pharmaceuticals is buying up to $1 million in Bitcoin as a treasury reserve asset.

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JUST IN: Bitcoin flips Taiwan 🇹🇼Dollar to rank 12th largest currency in the world.

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💰 November was the second best month for BTC in 2024.

Bitcoin has been reaching new heights since the US presidential election ended. To surpass February as the best month for 2024, BTC needs to climb above $100,524.

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#usefulmaterial

Candlestick formation "Hammer" is a figure on the chart of Japanese candlesticks, consisting of a single candle. The features of the "Hammer" are that this candle has a long lower shadow and a short body, that is, graphically resembles a hammer, so it is very easy to spot on the chart.
The Hammer is formed on downtrends (on an uptrend, a candlestick with the same characteristics will have the name "Hanged Man"). The Hammer marks local lows and heralds further growth. Therefore, the "Hammer" candlestick is a bullish pattern. It is also important to wait for a confirming candle.

Characteristics:
The colour of the Hammer does not matter. What matters more is the length of the shadows and the body. In order for a Japanese candle to meet the criteria to be called a Hammer, it must have the following characteristics:

- Has a small body.
- Long lower shadow (at least 2 times longer than the body).
- No upper shadow (or very small).
- Forms on a downtrend.

Also, there is an inverted hammer. The characteristic remains unchanged, just the shadow looks upwards.

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BREAKING NEWS: ⚡️Michael Saylor's MicroStrategy MSTR surpasses 100 billion dollars market cap.

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Open interest in BTC set a new all-time high thanks to growing appetite from U.S. institutions - Bloomberg. 🪙

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