BTC/USD Charts Potential Bullish Reference Candle
05/16/2019, 04:51:57
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The below is the daily chart of BTCUSD. Friday’s candle may be a bullish reference candle (blue arrow). I.e. a candle with a higher low on either side

The below is the daily chart of BTCUSD. Friday’s candle may be a bullish reference candle (blue arrow). I.e. a candle with a higher low on either side of it. If today’s candle closes above yesterday’s high (black horizontal) it will give weight to the bullish reference candle scenario. We note that the RSI has broken through a down sloping green trendline which indicative that the underlying bullish momentum may be gaining strength.

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