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.
