BTC VIP AnalysisAPRIL 16, 2024
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BIAS:
Mid-Term: BEARISH
Short-Term: BULLISH
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As expected the price action of
BTC has successfully filled out its H4 FVG gap level.Currently, the price action Is respecting its Horizontal Support level which is marked between the $63,640 to $62,950 level
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MAIN INTEREST LEVELS
⬇️SHORT⬇️
$62,950
⬆️LONG⬆️
$62,640
PREDICTED DAILY RANGE
$52,140 - $71,686
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VIP ACTION PLAN
The price action on the H4 timeframe level is forming out Bullish Harmonic Bat pattern level where the price action has to complete the D leg pattern level to bounce back.
However, short-term bounce back we can see from its support level
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.