Hello, dear members of LeoFinance!
Today I just want to write another short update on the price chart of Bitcoin.
So, in the weekly chart (1W), BTC/USD is trying to form a Bearish Engulfing:
Of course, till the end of the week, there is enough time, but if the Bearish Engulfing forms, it will be an initial signal that probably BTC/USD is nearing a local high.
To be continued ...
As of the time of writing, one Bitcoin costs $17,735.01 on Bitstamp crypto exchange, according to TradingView.
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/commodity trades, investments and etc.
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