BTC Update and Sentiment analysis 30 May 2022

 05/30/2022 - 11:28:00 (UTC)

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Market Analysis

BTC Update and Analysis

May 30, 2021

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🐠TECHNICAL (4H)

Our #28,730 key long term support level has held price action perfectly, just as we told you it would, and it has sent BTC towards a short term high above #30,500 which is held, could send us even higher in the next couple of weeks. We still need mid term confirmation for it, and we'll be updating on expected moves.

🐠SENTIMENT

Lower time frame sentiment has exploded over the last 24 hours, reaching new multi week bullish highs and showing a high probability of continuation if the bulls manage to hold on to their current momentum. Mid term momentum remains relatively neutral, however, it will likely increase if price action remains bullish.

We're expecting our current Blue Whale picks to reach higher levels and targets in the next couple of days if our bullish momentum remains strong, and we're also watching a couple of very high potential and low risk Blue Whale picks ready for new bullish waves, on which we'll be updating you. 

#BTC DAILY RANGE: 

📈Upper Limit: 32,751

📉Lower Limit: 28,412

(+-15% based on moving average volatility open/end points)

🐟SCALP ENTRIES (VIP)

(*Advanced traders only - moderate/high risk)

🧭LONG

$24,250

📡SHORT

$36,431

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