BitcoinCorto
Higher timeframe- still bearish|smaller tf: higher lows
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Quick glance: BTCUSD is under consolidation on the daily timeframe. The momentum oscillators s=indicate a bearish momentum. However, if we take a look at the lower timeframe, such as 1-hour, we can see that the price is forming higher lows.
In our previous analysis on BTCUSD , we had done a multi timeframe analysis on BTCUSD. Such a multi timeframe approach helps one take a better call at analysing the true market sentiment.
Market in the last 24hrs
The weekend was a pretty calm one for most of the major cryptos. Traded volumes were less. BTC managed to hold the crucial support level at $34,000.
Today’s Trend analysis
We are shortly going to see BTC breakout of the triangle pattern on the 1-day timeframe.The overall momentum suggests that price will break down the trend line upon exiting the pattern.
Price volatility remained low at approximately 2.89%, with the day's range between $33700. 00 — $34677.49.
Price at the time of publishing: $33768.78
BTC's market cap: $633.24 Billion
Volumes have remained low in the past 24 hours.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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Keep supporting:)
-Mudrex
Quick glance: BTCUSD is under consolidation on the daily timeframe. The momentum oscillators s=indicate a bearish momentum. However, if we take a look at the lower timeframe, such as 1-hour, we can see that the price is forming higher lows.
In our previous analysis on BTCUSD , we had done a multi timeframe analysis on BTCUSD. Such a multi timeframe approach helps one take a better call at analysing the true market sentiment.
Market in the last 24hrs
The weekend was a pretty calm one for most of the major cryptos. Traded volumes were less. BTC managed to hold the crucial support level at $34,000.
Today’s Trend analysis
We are shortly going to see BTC breakout of the triangle pattern on the 1-day timeframe.The overall momentum suggests that price will break down the trend line upon exiting the pattern.
Price volatility remained low at approximately 2.89%, with the day's range between $33700. 00 — $34677.49.
Price at the time of publishing: $33768.78
BTC's market cap: $633.24 Billion
- Out of 11 Oscillator indicators, 9 are neutral, 1 is bearish and 1 is bullish .
- Out of 15 Moving average indicators, 14 are 'NEUTRAL', 1 is bearish and none are bullish .
- Indicator summary is giving a ‘Sell' signal on BTCUSD .
Volumes have remained low in the past 24 hours.
----------------------------------------------------------------------------------------
The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
----------------------------------------------------------------------------------------
Keep supporting:)
-Mudrex
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