TRADE VIRUS® Market Analysis SEPTEMBER 12th, 2024 ➖➖➖➖➖ ⚪️TECHNICAL (H4) The price action of $BTC on the H4 timeframe has successfully flipped its horizontal resistance level into support, breaking out the neckline marked between the $57,170 to $56,040 level. 📊
The price is currently consolidating at this zone and may show further upward movement after a potential retest 🔄
⚪️WRAP-UP (VIP) The price action on the H4 timeframe shows an FVG gap between $61,531 and $59,789. 📉
In the short term, we can expect a potential rejection, but eventually, the price action is likely to complete the FVG gap level. 🔄
$BTC DAILY RANGE: 📈Upper Limit: $61,191 📉Lower Limit: $55,357 (+-9.73% based on moving average volatility open/endpoints)
aave; really strong still, i think if it can reclaim this h1 ob cluster then it could make a move to the cluster of poc's in the 160's. alerts set #AAVEUSDT⚡️⚡️
sol; setting my alerts for this m15 ob cluster reclaim. looks good for a move to at least the tapped monthly poc if it does reclasim with volume #SOLUSDT!
👉 To kick things off, I’ve outlined some key limits for scalping opportunities. These levels are where we might see crucial rejections or support, making them pivotal for capturing quick profits. Setting your limit orders around these points could be a game-changer for short-term gains. 📈💰
👉 Next, let’s talk about the $BTC chart. We’re at a crucial juncture with the price testing a significant resistance level. A break above this point would be a bullish signal, potentially marking a positive shift in the market. 🟢🔝
👉 When we look at other indicators, here’s what’s happening: Coinbase Spot is actively buying, while Binance Spot is currently on the sidelines. PERP volumes are relatively low, which is a good sign, but Open Interest (OI) has been stable but elevated, so proceed with caution. Funding rates are still negative.
In summary, if Coinbase Spot continues its buying spree while Binance Spot remains passive, we could be on the verge of a breakout. Keep an eye on these developments for potential market shifts! 🚀🔍📊