Technical analysis by kryptologic about Symbol BTC on 8/17/2023

Friday 18th August 2023BTC USD Super Guppy DailyWe are on a red TD 6, and have seen a larger than expected dip.We have another 3 days of downside if this is to be perfected.We are in the 60 day cyclical low time period, but we are on a green TD 9 on the monthly chart, so we may see one month of upside before heading into a 1 to 4 correction toward the end of the year, so we may be visiting low $20k USD?Time to be cautious if trading. Investors ride out the storms and rough seas.Any bounces out of this zone, it may be wise to consider getting out of your trading positions to be ready to add at lower prices.All indicators are heading south.If we stay above the 12.5% Fib level @ $25725 USD we should see a nice bounce in the coming weeks.If we go lower, we could be seeing more choppy volatile action over the coming weeks.The way I see it, the last month or so has been the calm before the storm.Thats my 2 cents worth crypto pirates. Happy sailing.f.govt, f.society f.banksters f.policeSnake Plissken is clockin out.