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Market Update - August 30 2022

August 30, 2022

Bear follow thorough on SPY, BTC sideways action possible

The market bears had follow through and confirmed the hourly downtrend, the weekly bull flag is off the table but weekly HL is still possible, but at the moment the volume and speed tings are coming down suggests that the bounce was a bear market rally.

BTC created a range and needs to breakout in order to change the 4 Hour trend, to start the daily bounce.

I hope that helps

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