Mid day update 6/19/2022
You can skip to ~15:30 to get the jist of what I would like to see and can possibly happen. As usual, I go through various things in the first part of the video and recap where we just came from.
The buy points were when we came back to the 18050-18200 area and then found support there or when it opened above the 1HR after that support was found at 18050.
The issue now is that the price came back to the supply zone and may not care if certain support targets are hit on its way up to test. The issue as well to that, is that the support targets such as 19k were not hit after the price came over it, even though 19k is strong and it also overlapped with the 1HR 500 hull ma, which would/should have been an easy place to hit and then shoot up.
I would like to see the day/week candle end/start around 18250. I think that would be nice, because on the week timeframe I believe it would suggest a possible test back up to 22,900 (new week top of current channel and then
it is also near a good amount of support (17,800)
TLDR; Bad price action, where it is now. It is in middle of long spot and short spot (17,800 and 22,500) so it is tough to tell what direction it may take from here until the next week candle.
The buy points were when we came back to the 18050-18200 area and then found support there or when it opened above the 1HR after that support was found at 18050.
The issue now is that the price came back to the supply zone and may not care if certain support targets are hit on its way up to test. The issue as well to that, is that the support targets such as 19k were not hit after the price came over it, even though 19k is strong and it also overlapped with the 1HR 500 hull ma, which would/should have been an easy place to hit and then shoot up.
I would like to see the day/week candle end/start around 18250. I think that would be nice, because on the week timeframe I believe it would suggest a possible test back up to 22,900 (new week top of current channel and then
it is also near a good amount of support (17,800)
TLDR; Bad price action, where it is now. It is in middle of long spot and short spot (17,800 and 22,500) so it is tough to tell what direction it may take from here until the next week candle.
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