BTC - Possible Beartrap as this should be the bounce zone.
This could be a a beartrap playing out ?
Why ?
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Because the target for the Ascending Expanding Wedge is the distance measure between points A and B on the chart .
This target distance should be the area between 28200 and 27924; Hence I would expect BTC should bounce here or at the maximum at the 27924 area.
What if BTC cant bounce here at the 28200
to 27924 zone ?
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Then id be extremely surprised and the last point of support down would be down at 25300
Why ?
--------
Because the target for the Ascending Expanding Wedge is the distance measure between points A and B on the chart .
This target distance should be the area between 28200 and 27924; Hence I would expect BTC should bounce here or at the maximum at the 27924 area.
What if BTC cant bounce here at the 28200
to 27924 zone ?
-----------------------------------------------------
Then id be extremely surprised and the last point of support down would be down at 25300