Updated

BTC - Demand zone is 18K so this move up must be a Bulltrap

BTC - Demand zone is at 18K so this upwards move must be a Bulltrap, Dead cat bounce
Also

Note

Also 1) The measured target of the falling wedge is 18k:

falling wedge

Note

and The measured distance of the expanding wedge is 18k:

Expanding wedge

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BTC has not hit 18k hence I suspect these moves up will be bull traps and BTC will return back lower to the 18k to 17k area

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What if its a legitimate move up ?

Then ill take my chances and wait for a close above 24k . If BTC can climb back into the falling wedge its Bullish

24000

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Also on:

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.