Update-Update 9/19/22
In regards to the day TF hull averages, BTC started the day candle where it needed to look bullish and bounced where the buy spot looked good.
Though we saw an end above, because of the way the market looks at the moment and the current resistance/support around this level, I am not a big fan of where BTC is and think it is better to wait until the stock market opens tomorrow or if BTC can start above the 4HR hull. Currently around 19,800.
There just appears to be a lot of reasons for someone to want to push this down for an easy drop.
Anyway, the buy spot has been activated and from the perspective it looks good. I just don't like everything else that has been going on and the chance of a bull trap in the market causing problems here. Also most of todays gains were made once the market opened and not before the market opened.
Though we saw an end above, because of the way the market looks at the moment and the current resistance/support around this level, I am not a big fan of where BTC is and think it is better to wait until the stock market opens tomorrow or if BTC can start above the 4HR hull. Currently around 19,800.
There just appears to be a lot of reasons for someone to want to push this down for an easy drop.
Anyway, the buy spot has been activated and from the perspective it looks good. I just don't like everything else that has been going on and the chance of a bull trap in the market causing problems here. Also most of todays gains were made once the market opened and not before the market opened.
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