$BTC VIP Analysis AUGUST 18th, 2024 - BIAS: Mid-Term: BULLISH Short-Term: BULLISH -- After holding the support level and squeezing out the second sell-side liquidity, the price action has bounced back and is now heading to fill the FVG gap between $60,916 and $59,672. 🚀
Currently, the price action is respecting its horizontal resistance level, marked between $59,832 and $59,605. If it breaks out and retests this level, we could see an upward price movement. 📈 -- MAIN INTEREST LEVELS
⬇️SHORT⬇️ $61,114
⬆️LONG⬆️ $59,600
PREDICTED DAILY RANGE $61,359 to $54,649 -- VIP ACTION PLAN
The price action on the H1 timeframe has shifted the trend and is moving toward filling its candle imbalance level.
$BTC VIP Analysis AUGUST 14th, 2024 - BIAS: Mid-Term: BULLISH Short-Term: BEARISH -- The price action on the H1 timeframe has successfully rejected from its horizontal resistance level, marked between $63,000 and $62,522.
On the H4 timeframe, the price action is forming a Bullish Harmonic Bat pattern, and the price action still needs to complete its D leg.
This could signal a potential further drop in the price action. 🦇📉 -- MAIN INTEREST LEVELS
⬇️SHORT⬇️ $58,259
⬆️LONG⬆️ $56,737
PREDICTED DAILY RANGE $61,535 to $54,490 -- VIP ACTION PLAN
The price action has shifted into a bearish trend, leaving behind an FVG gap marked between $56,820 and $55,462.
$BTC VIP Analysis AUGUST 14th, 2024 - BIAS: Mid-Term: BULLISH Short-Term: BEARISH -- The price action of $BTC on the H1 timeframe has successfully played out as expected, taking out the liquidity level marked at $60,411.
Currently, it is consolidating at its horizontal resistance between $61,301 and $61,114, where we can anticipate a short-term rejection from this level. 📊 -- MAIN INTEREST LEVELS
⬇️SHORT⬇️ $60,944
⬆️LONG⬆️ $59,832
PREDICTED DAILY RANGE $58,683 to $61,881 -- VIP ACTION PLAN
After bouncing back, the price action has left another FVG gap between $60,927 and $59,769. As the price action is consolidating within a compression level and struggling to print further higher highs, we can expect this gap to be filled out. 📉 ---- Yours truly, Fed. Lokotre Feed #TipsTradingFutures #marketdownturn #CryptoExplorerFiesta
$BTC VIP Analysis AUGUST 12th, 2024 - BIAS: Mid-Term: BULLISH Short-Term: BEARISH -- On the H2 timeframe, the price action of $BTC has successfully filled its FVG gap level, marked between $59,384 to $57,904 as anticipated. This drop in BTC's price has also led to a decline in $ALTs prices. 📉
Currently, the price action is holding above its horizontal support level, marked between $57,667 to $56,737. Keep an eye on this critical support level for potential moves. -- MAIN INTEREST LEVELS
⬇️SHORT⬇️ $57,852
⬆️LONG⬆️ $55,311
PREDICTED DAILY RANGE 54,707 to $62,531 -- VIP ACTION PLAN
On the H2 timeframe, the price action is approaching the $56,820 to $55,462 level, where we can anticipate a fill after a rejection and breakdown from its support level. 📉
Since we are all very interested in ENS based on fundamentals, here is what I can see on Week and lower timeframe charts.
Week: Regardless of how this week close, most probably we will see ENS at 22.3 and 16.5 in the future. Won't try to guess the sequence of moves yet. But these are levels that will act as a magnet.
4 hours: Keeping in mind higher timeframe picture I can assume, that if there will be a bullish bounce from around 18.15, then upper target zone might be hit first. But better would be if next week first dip below 17 (down to 15.5). In this case inefficiency of price action will be covered and ENS will be free to move up.
⏰ Setting alarm for 18.15 - this one is not for buying on the first sight. DYOR! Worth checking PA at 1h or lower timeframe within that zone.