BTCUSD BTC.D currently printing an inverted creek inside another bowl and catching resistance at the supply trend line. And often creeks need to be jumped, so this jump could be cause building for higher highs here soon.
It's unlikely that we exceed the 1:2.414, but the strength of BTC has been blowing hats off so it would be no surprise there.
If this TA does play out, it suggests continued weakness in most altcoins compared to BTC for this next potential rally up. But I do believe when it tops, the drop could be quite impulsive as we witnessed in November 2024.
Good Luck!
- Not Financial Advice-
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.