BTC
VIP Analysis APRIL 21, 2024
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BIAS:
Mid-Term: BEARISH
Short-Term: BULLISH
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On the H4 timeframe level, the price action of
BTC
formed out Bearish Harmonic Shark Pattern level where the price action has flipped out of its Horizontal Resistance level into the support level. The price action has filled out the LTF candle imbalance and can show us some of the upward movements from its Horizontal Support level
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MAIN INTEREST LEVELS
⬇️SHORT⬇️
$65,814
⬆️LONG⬆️
$65,191
PREDICTED DAILY RANGE
$59,554 to $70,608
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VIP ACTION PLAN
The price action is trying to break out the neckline of its compression level as well as changing the trend level and failing to print the further lower lows level and forming out the Higher Highs now.
The 21 and 55 EMA have turned into the support levels whereas 89 and 200 EMA still show the resistance levels