Daily BriefsTechnical Analysis

Daily Brief Technical Analysis: Weekly Close Is Likely To Confirm Sustainable Bitcoin and Ethereum Uptrends and more

In today’s briefing:

  • Weekly Close Is Likely To Confirm Sustainable Bitcoin and Ethereum Uptrends

Weekly Close Is Likely To Confirm Sustainable Bitcoin and Ethereum Uptrends

By David Coloretti, CMT

  • Today we step away from our ST / tactical TSS strategy and focus on definitive MT momentum confirmation.
  • The uptrends that have evolved since the November lows in Bitcoin and Ethereum are small relative to the 2022 declines.
  • This week is in the process of delivering definitive bullish MT momentum confirmation in both Bitcoin and Ethereum. Such an outcome will confirm a high probability multi-month uptrend bias.

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