Bitcoin closed another bullish candle on the weekly time frame, but the volume remains low. A breakout and successful retest above the all-time high would confirm a bullish trend. Until then, we can expect some accumulation below this zone.
⚪️WRAP-UP (VIP)
Bitcoin closed another bullish weekly candle, but volume is low. A breakout and retest above the all-time high is needed for a bullish signal; until then, expect accumulation below this level.
BTC DAILY RANGE:
📈Upper Limit: 69600
📉Lower Limit: 68100
(+-12% based on moving average volatility open/endpoints)
Mid-Term: BULLISH Short-Term: BULLISH -- As expected, the price action of Bitcoin bounced back accordingly as we expected.
Currently, the price action has broken down its horizontal support level, which is marked between the $68,905 to $68,098 level.
If the price action closes below its support level, we will see the drop in the price action of BTC - MAIN INTEREST LEVELS
⬇️SHORT $70,692
⬆️LONG $68,271
PREDICTED DAILY RANGE $73,937 to $62,994 -- VIP ACTION PLAN
The price action has left the candle imbalances below its level. But, only if the price action closes below this level we will see the drop in the price action. - Yours truly,
#BTC VIP Analysis - BIAS: Mid-Term: BULLISH Short-Term: BULLISH -- The price action successfully bounced back from its major support level which is marked between the $67,437 to $66,909 level.
The price action also played out the our LONG MAIN INTEREST level and holding out its support level we can mark out that the price action will test out those upper liquidity region level - MAIN INTEREST LEVELS
⬇️SHORT⬇️ $70,692
⬆️LONG⬆️ $69,214
PREDICTED DAILY RANGE $73,937 to $62,994 ---------------
ACTION PLAN
The price action after the breakout of its neckline in the compression zone level has changed the trend pattern level on a short time frame level which shows the higher highs and higher low level.
We can expect another higher level. So, I'm looking at LONG Position here.
Get instant access of all our important ceypto alerts.
Entered in a long position a few days back, It has been trading below the Risological Astra line. finally gave the breakout I was looking for. 20x lev, 500% masssive masssive gain!!
Astonishing movements from Bitcoin as it soared past $71k, right after hitting $70k yesterday! This surge likely stems from the recent halving event, sparking significant market excitement. However, this could just be the opening act! By the end of May, we're eyeing potential milestones of $75k to 80k. It seems the bull run is just warming up!
The steem of #Ethereum is not yet over even though some users are calling for RSI oversold short calls. It will be suicidal to go SHORT in this market. So, beware. Dont try to make quick bucks, the market will be very unforgiving if you go against it.
I am looking ETH target as $3900 to $4000 before any corrections.
H1 Timeframe #Bitcoin effectively squeezed out the sell side liquidity at the $65,830 level.Daily Timeframe:
Additionally, buy side liquidity was squeezed at the $69,134 level. Currently, BTC is consolidating between the horizontal support levels of $71,515 and $70,692.
Main Interest Levels:
Short Entry: $70,692
Long Entry: $71,515
Predicted Daily Range: $73,937 to $66,682
Action Plan:
On the daily timeframe, there's a candle imbalance observed between $70,785 and $67,752, which is expected to be filled following the closure of the current candle.
was able to catch it from 144 entry at 25x leverage. Smooth ride till 161. Took 50% profit at 161 and holding remaining till reversal. The market is going to see some massive upside moves soon.