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BTC INTRADAY SETUP - 08 OCT, 2022#BTC INTRADAY UPDATE VOLATILITY EXPECTED: Medium EXPECTED SCENARIO: $BTC is again bearish on Intraday. Expecting it to consolidate today. BULL CASE: In case we cross INTRADAY FLIP LINE(19600$), only R1(19750$) else R2(20000$), will be tested. BEAR CASE: In case we stay below INTRDAY FLIP LINE, S1(19300$) else S2(19050$) is the support and hold today. NOTE: On higher Timeframe, BTC is failing to even go to 21500$ zone. Let's see if 19000$ holds. On downside, 18K support should not break else a dump to 14K$ may happen..
by CryptopreneurSK
BTCUSD a new impulse growth or completion of IHSThis is an update to recent BTC analysis. At 4-hour timeframe we can see that the price went out of the local descending channel via impulse growth waves. Subsequent corrective Elliott ABC movements brought the price at the upper edge of the channel. If we take a closer look it can be seen that there are several positive signs: 1. Stoch RSI moves to Oversold zone 2. EMA 20 line which was a resistance after Moving Averages intersection became a support which is great for short term 3. After consolidation the price went up again which can be evaluated as 0-1 Impulse wave and the most important is that it bounces above the critical area where this assumption will be rejected. Conclusion: if the price manages to bounce above $4 200 then we will have a new 5 impulse growth waves. Otherwise previous analysis holds and there should be movement to finish IHS
by Skyrexio
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