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..
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..