📈 Daily TA: Bitcoin (BTC/USD)

Hello, dear members of LeoFinance!

In the 30-minute chart (30M), BTC/USD has exited the Descending channel (downtrend): As can be seen from the chart, BTC/USD is trying to form an Ascending channel. However, there is still no reliable signal indicating that this Ascending channel will form. Even, at the moment, the price is at the lower line of this potential channel, putting this channel under question.

To be continued...

As of the time of writing, one Bitcoin costs $34,943.13 on the 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 almost 15 years, and as a cryptocurrency analyst for the last 4 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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📈 Daily TA: Bitcoin (BTC/USD) | 28-05-2021