BTC - BearTrap as Bounce zone Has to be between 25125 and 23329
The bounce zone has to be between the 25125 area and the 23329 .
Why because as explained in the previous chart below there is a bullish crossover between the MA13/30 on the 2 week chart and the trajectory after such a cross has always been a bullish move.
Thus The current bounce zone will have to fall either above the MA30/13 crossover at 25125 or between the two lines at around 23329 and I'd expect a move upwards to the 34K area.
Why because as explained in the previous chart below there is a bullish crossover between the MA13/30 on the 2 week chart and the trajectory after such a cross has always been a bullish move.
Thus The current bounce zone will have to fall either above the MA30/13 crossover at 25125 or between the two lines at around 23329 and I'd expect a move upwards to the 34K area.
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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.