Inverted J patterns lead to lower lows. OVerhead resistance on the weekly is the 50dma and pivot. BTC will have to put in a weekly bull flag to negate the setup.
On a contrary note, BTC is close to a golden cross on the daily timeframe, but it would have to maintain this cross for at least 6 weeks to confirm trend.
Good luck!
On a contrary note, BTC is close to a golden cross on the daily timeframe, but it would have to maintain this cross for at least 6 weeks to confirm trend.
Good luck!
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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.