BTC - All roads appear to lead to a possible 18k Bounce spot

BTC - All roads appear to lead to 18k
reasons below :
1) The measured target of the falling wedge is 18k:

2) The measured distance of the expanding wedge is 18k:

3) This move looked like a Bulltrap as was decribed here

and also described here
4)

تعليق:

Another reason is there is just too much resistance as shown on the graph below

1) Tweezer tops closed below the MA50 and MA200.
2) Bearish cross on the weekly chart with the MA200 crossing above the MA50
3) Bearish MACD and RSI divergences on the daily chart .

تعليق:

in order to get out of this the best show would be to move down to 18k and attempt a head and shoulder back up which can then lead to 33k this move should like like this

تعليق:

This said should BTC fail to bounce at 18k and instead moves to 16k then we can expect a move down to 12k as shown in the graph below