2022-08-23 15:20:12
#BTC update
Daily chart:
Using the same chart from the last video (
)
- We still havent invalidated Swing low D yet.
- Chances that we invalidate Swing low D and go to at least Fib 0.66 are still high
- Daily chart is controlled by bears, pressure is constant.
- No real resistance on the upside
- Extremely important support between 17.5k - 18.2k
- Volume is inconclusive and not consistent on either side
- Interest in trading late August is weak.
External factors:
- EURUSD on a freefall
Bias for the week is neutral, due to the fact that we have a channel that can be respected as we are pricing in on the lower side of the ascending channel but also contradicted by the fact that EURUSD is looking extremely sloped and that the bears still seem to have the general control of the markets.
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