$BTC VIP Analysis
NOVEMBER 15th, 2024
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BIAS:
Mid-Term: BULLISH
Short-Term: BEARISH
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📊 The price action on the H1 timeframe is consolidating between its horizontal support and resistance levels.
Currently, the price action is encountering resistance at the level marked between $90,133 to $89,649. 🔼 If the price action breaks out above this level, we can anticipate further upward movement in the price action. 🚀
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MAIN INTEREST LEVELS
⬇️SHORT⬇️
$89,694
⬆️LONG⬆️
$90,133
PREDICTED DAILY RANGE
$86,424 to $97,642
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VIP ACTION PLAN
📊 The price action on the H1 timeframe is consolidating within a descending triangle pattern.
Currently, the price action is attempting to break out above the resistance trendline of the pattern and flip its horizontal resistance level, which is marked between $90,133 to $89,694. 🔼 A successful breakout and flip of this resistance level could signal potential upward momentum. 🚀