Hello, dear members of LeoFinance!
Today I will post another short update on the price chart of Bitcoin.
So, in the weekly time frame (1W), BTC/USD has formed a sequence of bullish candlesticks with ascending local lows and ascending local highs:
As far as the sequence of the candlesticks continues to be like this I will consider it as a signal indicating to potential price increase. (However, I would like to mention that the current weekly candlestick is still not closed, and the situation may change).
To be continue ...
p.s. at the time of writing one Bitcoin costs $16,280, 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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