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BTC's Current Trending Range

T8terTrad3r@bbs profile image
T8terTrad3r
Sep 20, 2022
Lines drawn on 4 hour, charted zoomed in to 15 minute timeframe.Lines drawn on 4 hour, charted zoomed in to 15 minute timeframe.

For better or worse, these seems to be BTC's current trend zones. Until the announcement tomorrow, my feeling is we'll go sideways within this range unless the market begins to react negatively or positively to what it believes the Fed announcement will be.  

We've bounced a little, but the 19075 resistance held. Will we continue to drop back down to 18800 (or lower), spike up to the diagonal resistance, or spring to 19325 (or higher)?We've bounced a little, but the 19075 resistance held. Will we continue to drop back down to 18800 (or lower), spike up to the diagonal resistance, or spring to 19325 (or higher)?
DXY appears to be double topping, but above minor resistance.DXY appears to be double topping, but above minor resistance.
S&P is looking meh.S&P is looking meh.
Nasdaq looks slightly better.Nasdaq looks slightly better.
BTC dominance has dropped significantly, but has formed a double bottom on very low timeframes and is trending slightly upward.BTC dominance has dropped significantly, but has formed a double bottom on very low timeframes and is trending slightly upward.
Total 2 has bounced from resistance.Total 2 has bounced from resistance.

Choose your own adventure!

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