$BTC VIP Analysis
MAY 18, 2024
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BIAS:
Mid-Term: BEARISH
Short-Term: BULLISH
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As expected the price action of $BTC successfully showed us the rejection movement level from its Horizontal Resistance level which is marked between the $66,579 to $66,051 level.
The price action has flipped out of the resistance region level into the support region level now.
The price action needs to close above the level to show us the further upward movement.
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MAIN INTEREST LEVELS
⬇️SHORT⬇️
$68,968
⬆️LONG⬆️
$66,579
PREDICTED DAILY RANGE
$66,089 to $71,298
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VIP ACTION PLAN
The price action is still consolidating at its Horizontal Support level but the price action has left out the FVG gap level with the impulsive upward movements which was marked between the $64,406 to $62,989 level.
If the price action loses its support level we will see some downfall in the price action of $BTC ------
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Yours truly,
# روح
