Posts

๐Ÿ“ˆ Daily TA: /USD) | 10-11-2021

avatar of @cryptospa
25
@cryptospa
ยท
ยท
0 views
ยท
2 min read

Hodl, dear members of LeoFinance!

Today, I would like to comment on the price chart of Bitcoin.

In the 4-hour chart (4H), we know that BTC/USD has exited the Bullish Flag and is, now, resuming the uptrend: If this bullish candlestick forms then this will be an initial signal of change in sentiment.

However, recently the price has been quite volatile in the last several hours BTC/USD hit a new all-time high of $69000, and then it dropped to $63000. After that, a rebound has started. So, the question is if the situation has changed? To receive an answer let us have a look at the 1-hour chart (1H) of BTC/USD: It is obvious that the market has undergone a lot of volatility. However, the price of Bitcoin still continues its journey within the trajectory of the newly created Ascending channel. That's why I would say that the uptrend continues in the 1-hour chart as well and nothing has changed.

To be continued ...

As of the time of writing, one BTC costs $65487 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 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.


Check @crypto-guides to learn about the essentials of the major cryptocurrencies.


Join the crypto exchange Binance: https://www.binance.com/en/register?ref=28017531 Join the crypto exchange Bittrex: https://bittrex.com/Account/Register?referralCode=3GB-QAJ-BMW

Posted Using LeoFinance Beta