#amaraj_Crypto_Ug @MWorld
Publier
MWorld
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BITCOIN ANALYSIS TODAY (May 30) - Trends for the next 12 hours
1. BITCOIN ANALYSIS BTC/USDT FRAME D1
- Bar D1 yesterday was a falling price bar but the amplitude was not wide, showing negligible downward pressure, not yet affecting the breakout out of the upper boundary of the price frame to complete the double bottom pattern. Bottom - like our analysis yesterday. At this point, a journey to 30,000 is still possible.
- The chart structure at D1 of #BTCUSDT continues to remain sideways because there is no new low or new high.
2. BITCOIN ANALYSIS BTC/USDT FRAME H4
- Yesterday, we analyzed the possibility of #BTCUSDT being overbought at H4, as the price is far above the upper boundary of the Keltner Channel. We have chosen the idea of waiting for a correction - rather than chasing the top. Yesterday's price action results confirmed this scenario to be correct.
- The uptrend in H4 of #BTCUSDT continues to dominate, as shown by the structure of the top and bottom price gradually increasing. Today, the confluence between the upward sloping trendline - combined with the broken upper boundary of the price bracket below is still the dominant buy zone.
- Note that if #BTCUSDT is pushed up and goes beyond the upper boundary of Keltner Channel, we will not buy chasing anymore, to avoid overbought phenomenon, which will cause the price to slow down and possibly reversal is higher than going forward.
- Bar D1 yesterday was a falling price bar but the amplitude was not wide, showing negligible downward pressure, not yet affecting the breakout out of the upper boundary of the price frame to complete the double bottom pattern. Bottom - like our analysis yesterday. At this point, a journey to 30,000 is still possible.
- The chart structure at D1 of #BTCUSDT continues to remain sideways because there is no new low or new high.
2. BITCOIN ANALYSIS BTC/USDT FRAME H4
- Yesterday, we analyzed the possibility of #BTCUSDT being overbought at H4, as the price is far above the upper boundary of the Keltner Channel. We have chosen the idea of waiting for a correction - rather than chasing the top. Yesterday's price action results confirmed this scenario to be correct.
- The uptrend in H4 of #BTCUSDT continues to dominate, as shown by the structure of the top and bottom price gradually increasing. Today, the confluence between the upward sloping trendline - combined with the broken upper boundary of the price bracket below is still the dominant buy zone.
- Note that if #BTCUSDT is pushed up and goes beyond the upper boundary of Keltner Channel, we will not buy chasing anymore, to avoid overbought phenomenon, which will cause the price to slow down and possibly reversal is higher than going forward.
Avertissement : ce contenu inclut des opinions de tiers. Il ne constitue pas un conseil. Binance Ai peut être utilisée, sans garantie de résultat. Consultez les CG.