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BTC VIP Analysis SEPTEMBER 9th, 2024 - BIAS: Mid-Term: BEARISH Short-Term: BULLISH -- The price action of $BTC on the H1 timeframe, after consolidating in a compression zone, bounced back 📈 and entered the territory of the FVG gap, marked between $55,845 and $55,013. 📊 Currently, the price action is respecting its horizontal support level and making a retest 🔄, which could lead to a bounce back from that area. 🔺 -- MAIN INTEREST LEVELS ⬇️SHORT⬇️ $56,176 ⬆️LONG⬆️ $54,717 PREDICTED DAILY RANGE $55,850 to $ -- VIP ACTION PLAN The price action on the H4 timeframe is consolidating at its horizontal support level 📉. The price action needs to reclaim the resistance level and turn it into support 🔄, which could shift the trend and lead to further upward price movement 📈 ---- Yours truly, BabyWhale®
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BTC VIP Analysis SEPTEMBER 8th, 2024 - BIAS: Mid-Term: BEARISH Short-Term: BULLISH -- The price action of $BTC on the H4 timeframe has formed a double bottom pattern 📉. The price action is currently moving towards filling out the FVG gap, marked between the $55,845 to $55,013 level 📊 -- MAIN INTEREST LEVELS ⬇️SHORT⬇️ $55,845 ⬆️LONG⬆️ $54,437 PREDICTED DAILY RANGE $55,109 to $62,400 -- VIP ACTION PLAN The price action on the H1 timeframe is heading towards filling out its FVG gap level 📈 but has yet to break out the neckline of the pattern. The volume profile indicates a good amount of volume, and the 55EMA is acting as a support level 🔄 ---- Yours truly, BabyofAfrica®
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