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-
Note
The strength of BTC never ceases to amaze. It has surpassed the LTF 2.414 ratio, looking to test the upper 1.618 ratio. So it has been respecting the rising wedge trend lines, until now, showing even more strength breaking out. But it is a rising wedge, so this is cause building for a breakout to the down side eventually.
I believe the real test lies in the upper 1.618 ratio band with the 1.786 as overshoot, and its very well headed in that direction. We will see the strong trending alt coins present themselves as BTC.D makes higher highs here, so taking notes is a plus.
Good Luck!
-Not Financial Advice-
Note
A nice drop before reaching the 1.618. And now a wicked draggon fly doji as printing. A break upward to the previous high looks game on, and possibly to that 1.618. 
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Disclaimer
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.