Bitcoin Inverse Cup/Handle
BTC has formed an inverse cup/handle on the daily time frame. If BTC doesn’t bounce off of support, it’ll fall hard. A strong bounce off of support will be really bullish. Inverse Cup/Handles usually indicate more downtrend, so let’s hope it gets denied by bouncing at support. A break in support will be deadly for BTC. This is something we have to watch closely. This is just an observation so don’t panic.
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.
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.