BTC - Heading Lower to Bear Trap After Bull Trap at 16,450
The two Lines are internal trend lines
Crytos are parabolic non linear
TA is just a loos interpretation we use to give us confidence
However trend-lines are like membranes
Support and resistance are more like trampolines
Not rigid forms
Markets are much more complex than that today.
So a scare or two south in the 13K 12k range
Or a consolidation into the wedge formation - which is is essential for healthy passage
Crytos are parabolic non linear
TA is just a loos interpretation we use to give us confidence
However trend-lines are like membranes
Support and resistance are more like trampolines
Not rigid forms
Markets are much more complex than that today.
So a scare or two south in the 13K 12k range
Or a consolidation into the wedge formation - which is is essential for healthy passage
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