Hello, dear members of LeoFinance!
Today I would like to outline that BTC/USD has formed an Ascending Triangle in the 4-hour chart (4H):
Theoretically, Ascending Triangles are often called continuation patterns since the price will typically breakout in the same direction as the trend that was in place just prior to the triangle forming.
That's why I am really curious if a breakout will happen ant if the price of Bitcoin will continue to increase.
To be continue ...
p.s. at the time of writing one Bitcoin costs $15,794.36, 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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