BTC VIP Analysis

SEPTEMBER 8th, 2024

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BIAS:

Mid-Term: BEARISH

Short-Term: BULLISH

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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 📊

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MAIN INTEREST LEVELS

⬇️SHORT⬇️

$55,845

⬆️LONG⬆️

$54,437

PREDICTED DAILY RANGE

$55,109 to $62,400

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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 🔄

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Yours truly,

BabyofAfrica®