$BTC Analysis AUGUST 21th, 2024 - BIAS: Mid-Term: BEARISH Short-Term: BULLISH -- The price action of $BTC on the H1 timeframe is attempting to fill out the FVG gap level left during the rejection, marked between $60,355 to $59,495.
As the price action respects the support trendline, a potential bounce back from this level could occur. 📈 -- MAIN INTEREST LEVELS
⬇️SHORT⬇️ $60,565
⬆️LONG⬆️ $59,747
PREDICTED DAILY RANGE $57,819 to $51,415 --ACTION PLAN
The price action is likely to fill out the FVG gap level it previously left behind, as it respects the support trendline and heads towards that area. 📊📉
#BTC surpasses $60,000 and hodls the support zone, by which gave a new breakouts. On H4, we have a breakout and having some sort of liquidity on top, which can be taken out.
Bitcoin Market Analysis August 2024 ➖➖➖➖➖ ⚪️TECHNICAL (1D) Bitcoin is attempting to reclaim the $60K level after an indecisive weekly candle closure. A successful breakout and retest above $60K would serve as a bullish confirmation, signaling potential upward momentum. However, if the bulls fail to achieve this, the market could be poised for further correction.
⚪️WRAP-UP (VIP) Bitcoin is eyeing a reclaim of the $60K zone after an indecisive weekly close. A breakout above $60K would confirm a bullish trend, but failure could lead to further market correction.
$BTC DAILY RANGE: 📈Upper Limit: 61900 📉Lower Limit: 57600 (+-13% based on moving average volatility open/endpoints)
#ETH gave a break below of the trendline and again moved up with some momentum. Price moved into a small consolidation range, and need to wait for the market to have a breakout. #ETH these days, dumping and consolidating alot, so a healthy breakout must needed.
$BTC Analysis AUGUST 11th, 2024 - BIAS: Mid-Term: BULLISH Short-Term: BULLISH -- On the H4 timeframe, the price action is demonstrating strength above its horizontal support level after successfully flipping the resistance region marked between $60,905 to $60,102.
For a continuation of this upward movement, the current candle needs to close above this support level.
If this happens, we can expect a retest in the region, potentially leading to the price action targeting the Buy Side Liquidity level marked at $62,713 📊. - MAIN INTEREST LEVELS
⬇️SHORT⬇️ $63,00
⬆️LONG⬆️ $61,256
PREDICTED DAILY RANGE $57,743 to $65,675 level -- VIP ACTION PLAN
On the H1 timeframe, the price action of $BTC is currently following a Harmonic pattern and is moving in alignment with its expected trajectory.
The price is heading towards targeting its Buy Side Liquidity level, marked at $62,146 📈. - @Emperor Gilberto
$BTC Analysis AUGUST 10th, 2024 - BIAS: Mid-Term: BULLISH Short-Term: BEARISH -- The price action of $BTC on the H4 timeframe has performed as expected, showing a decrease in price from both its horizontal resistance level and the 200 EMA resistance level 📉.
Currently, the price action is holding at its horizontal resistance level, marked between $60,905 to $60,102, and a potential double top formation is emerging, which may signal further downside pressure. - MAIN INTEREST LEVELS
⬇️SHORT⬇️ $60,581
⬆️LONG⬆️ $57,904
PREDICTED DAILY RANGE $55,608 to $61,248 -- VIP ACTION PLAN
The price action on the H4 timeframe is currently rejecting from its resistance trendline level 📉.
This rejection suggests that the price action may move downwards to fill out the candle imbalance level marked between $59,384 to $57,904. @Emperor Gilberto
$BTC analysis AUGUST 8th, 2024 - BIAS: Mid-Term: BEARISH Short-Term: BULLISH -- After consecutive bearish movements, the price action has bounced back and formed an impulsive candle. 📈
It is now attempting to break through the resistance at the 200 EMA and the horizontal resistance level marked between $60,320 to $59,474. 🔍
A successful breakout could indicate further upward momentum. - MAIN INTEREST LEVELS
⬇️SHORT⬇️ $59,474
⬆️LONG⬆️ $55,779
PREDICTED DAILY RANGE $50,424 to $59,755 -- VIP ACTION PLAN
The price action on the daily timeframe has successfully filled its Fair Value Gap (FVG) level, which was marked between $57,976 to $56,249. 📉
After this, the price action has impulsively bounced back and may indicate a potential flip of its resistance region. 🚀 - Yours truly, @Emperor Gilberto
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