$BTC VIP Analysis JULY 27th, 2024 - BIAS: Mid-Term: BULLISH Short-Term: BEARISH -- The price action of $BTC on the daily timeframe is currently respecting its horizontal resistance level, marked between $68,967 to $68,124.
To continue the pattern, the price action needs to flip this region into a support level.
However, there's a candle imbalance below this region that has yet to be addressed. 📉🕯️ - MAIN INTEREST LEVELS
⬇️SHORT⬇️ $67,172
⬆️LONG⬆️ $65,240
PREDICTED DAILY RANGE $64,853 to $67,202 -- VIP ACTION PLAN
If the price action flips its resistance region into a support level, we could see a squeeze on the upper side liquidity level, marked at $70,020 📈. This would indicate a potential upward movement and a continuation of the bullish trend. - Yours truly, Fed. Lokotre feed #TipsTradingFutures #Binance $BTC
$BTC VIP Analysis JULY 26th, 2024 - BIAS: Mid-Term: BULLISH Short-Term: BEARISH -- As expected, the price action of $BTC on the H4 timeframe has successfully bounced back from its horizontal support level, marked between $63,449 and $62,601 📈.
The price action is now facing rejection from the resistance region once again 🚫.
On the daily timeframe, the price action appears to be forming a potential double top pattern, indicating possible resistance at the current levels 📉. - MAIN INTEREST LEVELS
⬇️SHORT⬇️ $67,172
⬆️LONG⬆️ $65,240
PREDICTED DAILY RANGE $64,853 to $67,202 -- VIP ACTION PLAN
The price action of $BTC , during its bounce back, has left an FVG (Fair Value Gap) between the $65,742 and $65,172 levels 📉.
Currently, the price action is facing rejection from its horizontal resistance level, marked between $67,524 and $67,172 🚫.
This rejection could indicate a potential downward movement, possibly leading to the fulfillment of the FVG gap 📉. - Yours truly, Fed. Lokotre feed #TipsTradingFutures #Binance #BTC
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$BTC VIP Analysis JULY 24th, 2024 - BIAS: Mid-Term: BULLISH Short-Term: BEARISH -- On the H4 timeframe, the price action of $BTC has successfully filled the Fair Value Gap (FVG) between $66,276 and $65,154.
This suggests that the previous imbalance has been addressed.
Currently, the price action has established a lower high, indicating potential weakness. If this pattern continues, we might see the formation of a lower low, signaling a bearish trend in the short term. 📉 - MAIN INTEREST LEVELS
⬇️SHORT⬇️ $66,550
⬆️LONG⬆️ $64,266
PREDICTED DAILY RANGE $64,325 to $70,031 -- VIP ACTION PLAN
The price action of $BTC has partially filled its candle imbalance and still has some liquidity left to be addressed in the region below.
We can anticipate that the price action might head towards the $64k region to complete this liquidity sweep.
This movement would align with filling the remaining imbalance and potentially setting the stage for subsequent price action. 📉🔄 - Yours truly, Fed. Lokotre feed #TipsTradingFutures #Binance #BTC
The price action of $ONE on the daily timeframe is consolidating within a descending triangle pattern. It is respecting its horizontal support level, marked between $0.01407 to $0.01249.
After a successful retest, we can expect further upward price movements. 📈🔼 ➖➖➖➖➖ Lokotre feed #TipsTradingFutures #Binance $ONE