BTC Daily update Sept. 22, 2022

kryptokino (32)adminin Trader's Guild • 2 years ago (edited)

Hellooooo traders!
Yesterday played out quite well! If you missed the post, go check it out.
Today looks pretty simple, actually. We can see very clear resistance and very clear support. BTC is back into a range, and it looks as if that range is from the daily level of about 19,500 to the lower daily level of about 18,775. The fixed range volume profile tool confirms this.
Personally, I will be looking to short the 19,500 level and a cautious long at the lower level. I say cautious because I think we still have further to go to the downside. If I do take a long at the 'value area low' I will definitely take some profits at the 'point of control'. See the image below for more details...