BTC Daily Update Sep, 21 2022

Hello traders! Yesterday was a very slow day, not much price action. It may be because everyone is waiting on the Fed to speak today. But here is what I am looking at today.
In this first chart you can see a bearish Gartley pattern which fulfills between 19,935 and 20,275. At that level there are several confluences: 2 Daily levels, nPOC of 6h sessions and an anchored VWAP from the last high. If there is a reaction here, a short trade is available with stop loss being just above point 'X'. Target 1 = 18,600. Target 2 = 17,800.

The next image shows another harmonic pattern, but this time it is bullish. This is a Cypher pattern and would only form if the Gartley pattern forms first. In this pattern, the point 'D' (entry point) is right at the same area as target 1 of the bearish pattern. If this Cypher pattern plays out, 'X' is the invalidation point of the trade idea and target 1 is 19,440 and target 2 is 20,170.

Both of these patterns and targets keep us within the same trading range we have been in for the last week. If they both play out, we could be looking at a longer range or the beginning of a triangle before the final breakout of the range.
Keep in mind, if the Fed has great news or terrible news, BTC could blow right through these local levels and neither of these trade ideas would work. But if they come out neutral, then the probability of these trades working out increases dramatically!
The next levels I have outside this range are 23,350 to the upside and 17,150 to 16,150 to the downside.
Videos are coming soon, guys and gals!
For today, this is KryptoKino over and out.