$BTC VIP Analysis
MAY 15, 2024
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BIAS:
Mid-Term: BEARISH
Short-Term: BULLISH
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On the H1 timeframe level, the price action of $BTC is consolidating in a compression level where the price action is taken out of the formation of a double bottom pattern level and trying to breakout the neckline of its pattern level.
The price action has to break out the neckline and retest above its level which will then fill out the candle imbalance which has left out between the $62,418 to $62,070 level.
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MAIN INTEREST LEVELS
⬇️SHORT⬇️
$61,298
⬆️LONG⬆️
$61,020
PREDICTED DAILY RANGE
$56,542 to $61,916
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VIP ACTION PLAN
The price action can show us the short-term bullish momentum in the price action of $BTC as it has broken out and retested above its region level.
All the EMA's levels show us the support levels from there too
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Yours truly,
