$BTC VIP Analysis
September 24, 2022
We saw a small move up by BTC and most high market cap alts right before our daily close, however, volume has not been enough yet for a solid mid term confirmation taking us to either new mid term highs or mid term lows.
We could see this short term range extend for a few more days before a definite breakout, however, weekend chop will likely push us towards a breaking point, potentially around our weekly close, when we’re expecting to see more of a violent price action on our higher market cap alts.
Up Probability: 47% – Down: 53%
MAIN INTEREST LEVELS
PREDICTED DAILY RANGE
Took out the low and now trying to recover back above the support🧐
Bull if does so📈
#BNB/USDT formed a falling wedge on 12h timeframe and currently testing the top of the one👀
Send it if we break out📈
Diamond on #total 🧐
BNB is testing the top of bullish pennant🧐
Up we go if breakout occurs📈
BTC Next Expected Move🔥
#Bitcoin update Continuous
🔶Bitcoin forming a symmetrical triangle pattern and price got rejection from the upper trendline of the pattern where 50-M.A also lying.
🔶Bitcoin need to give Candle closing above this pattern with appropriate Volume in order to gain Bullish momentum. Otherwise it will continue to move down and breakdown the pattern.
🔶If the bulls have to defend BTC at the current price level, then buyers have to come through. The current support zone for the coin is $18,500-$18,000.