LIVEAbu Ishak
@abuishak
Algo Trader. Details: finance.amez.me
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$BTC VIP Analysis for March 20, 2024:
Bias:
Mid-Term: BULLISH
Short-Term: BEARISH
Observations:
On the H4 timeframe, the price action of $BTC has successfully grabbed the Liquidity level marked at $62,891.
Currently, the price action is consolidating at its Horizontal Crucial Support level between $61,418 and $60,659.
Main Interest Levels:
Short: $68,321
Long: $60,659
Predicted Daily Range:
$60,659 to $65,974
Action Plan:
As it hits its Horizontal Support level, we can expect a leg up. From there, a relief in the price of $BTC may be seen. 📈💰
#TradeNTell #Write2Earn
Bias:
Mid-Term: BULLISH
Short-Term: BEARISH
Observations:
On the H4 timeframe, the price action of $BTC has successfully grabbed the Liquidity level marked at $62,891.
Currently, the price action is consolidating at its Horizontal Crucial Support level between $61,418 and $60,659.
Main Interest Levels:
Short: $68,321
Long: $60,659
Predicted Daily Range:
$60,659 to $65,974
Action Plan:
As it hits its Horizontal Support level, we can expect a leg up. From there, a relief in the price of $BTC may be seen. 📈💰
#TradeNTell #Write2Earn
$BTC Analysis
MARCH 19, 2024
BIAS:
- Mid-Term: BULLISH
- Short-Term: BEARISH
The price action successfully filled the FVG gap level between its 'Horizontal Resistance' level, and from there, the price action was rejected again as we assumed.
Currently, the price action has broken down its 'Horizontal Support' level, changing the trend, and filling our **SHORT main Interest Level**.
MAIN INTEREST LEVELS:
- Short: $68,321
- Long: $60,659
PREDICTED DAILY RANGE:
$60,659 to $65,974
ACTION PLAN:
The price action has changed the pattern level and is retesting below the level on the 'H4 timeframe'. After the retest, the price action can grab liquidity marked at the '$62,981 level'. 📈🔍
MARCH 19, 2024
BIAS:
- Mid-Term: BULLISH
- Short-Term: BEARISH
The price action successfully filled the FVG gap level between its 'Horizontal Resistance' level, and from there, the price action was rejected again as we assumed.
Currently, the price action has broken down its 'Horizontal Support' level, changing the trend, and filling our **SHORT main Interest Level**.
MAIN INTEREST LEVELS:
- Short: $68,321
- Long: $60,659
PREDICTED DAILY RANGE:
$60,659 to $65,974
ACTION PLAN:
The price action has changed the pattern level and is retesting below the level on the 'H4 timeframe'. After the retest, the price action can grab liquidity marked at the '$62,981 level'. 📈🔍
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WillBTCBreak100KSoon
575,134 views
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$BTC Bitcoin is currently facing two significant resistance zones that could impact its upward momentum. The first major selling zone is around the $90,000 mark, which presents substantial selling pressure. However, an even stronger resistance level awaits at approximately $103,000, which I believe will be the heaviest hurdle for Bitcoin’s price to overcome.
As we approach these critical levels, it’s essential to remain cautious. It’s always wise to secure profits incrementally rather than holding out for an ideal peak. Overconfidence and greed can be detrimental, as we saw in 2021 when many held onto their assets too long, hoping for even higher returns, only to face sudden drops when the market turned. The key is to approach this rally strategically, taking profits along the way to protect gains and avoid potential losses if the market shifts unexpectedly.
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