** Results of previous trading ideas: Of the 02 ideas to wait to buy, the idea to wait to buy when #BTCUSDT bounced above 30,000 and then touched 30,000 again took place as expected. As a result, we once again successfully bottomed #BTCUSDT for the day. This is the second successful bottom-fishing in a row.
BITCOIN ANALYSIS #BTCUSDT FRAME D1:
- Bar D1 that dropped yesterday was completely absorbed by bar D1 which increased with a larger amplitude yesterday. Yesterday's D1 bar completely covered the falling D1 bar yesterday, forming a price action pattern called Bullish Outside Bar, or in a Japanese candlestick pattern called bullish engulfing, thereby reflecting good buying pressure.
- #BTCUSDT is at D1 because it hasn't broken the old top yet, so it is still moving sideways because the price has not made a new high to return to the uptrend on this time frame.
- The idea to trade at D1 is to wait to buy from the support #PPZ below that activated yesterday, and help catch the bottom of the bounce.
BITCOIN ANALYSIS #BTCUSDT FRAME H4:
- With the V-structure created, #BTCUSDT formed a spike - below the lower boundary of the oscillator price range and then back up quickly, forming a false break - false break signal. bear trap should be - bear trap. The bullish momentum was shown after this spike.
- The chart structure at H4 of #BTCUSDT is still flat, because the price has not made a new high. In the immediate future, the main scenario is to buy again around the 30,000 zone, which is the confluence between the round number + the #PPZ area. If #BTCUSDT dips lower, the support confluence between #PPZ + the lower margin of the ascending channel at the bottom will be an effective buy zone.
OVERVIEW:
- Bullish Outside Bar price action pattern at D1 shows good buying from below for #BTCUSDT
- The V-pattern shows a jab at H4 reflecting strong demand. Short-term #BTCUSDT continues to wait to buy.
 - GOOD BONUS BILLION){kind=link}
0 Comments