Hello, dear members of LeoFinance!
Today I will make a small updated on my charts of Bitcoin.
So, 6 days ago I wrote a post in which I explained that if BTC/USD forms in the monthly time frame (MN) a candlestick which has a relatively big bullish body and a midpoint (middle of the candlestick body) is above the resistance level of $13,880 I would consider it as a solid bullish signal indicating an end to the bear market, that started in January 2018.
And, if have a look at the price chart now ... we already have such kind of candlestick and, actually, it is the current monthly candlestick:
Of course, the price chart of BTC/USD makes me happy, but I would like to outline that the month has just started and the candlestick may change by the end of the month. That's why the solid bullish signal, in my view, is still not confirmed. Nevertheless, I cross my fingers for Bitcoin and I wish that the price of the cryptocurrency doesn't drop below the key level of $13,880 and just continues to increase.
To be continue ...
Fellow LeoFinancier, in my post on Bitcoin from October 26th, you can read why I consider the level of $13,880 as critical level.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 14+ years, and as a cryptocurrency analyst for the last 3+ years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency trades, investments and etc.
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