This is BTCUSD daily price analysis, provided by Mudrex (automated crypto investing platform). This analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1D candles.
You can find price analysis from previous days on blog here and on Tradingview here.
Analysis Summary
Market in last 1 week
- BTCUSD saw an uptrend and then rejected from upper band moved downwards
- Price volatility was very high. The market moved ~9.82%, between $12.49k and $11.37k
Today’s Trend analysis
- BTCUSD expected to see a sideways movement as price rejected from the upper band with lower highs observed
- Price at time of publishing: $11,441
- BTC’s market cap: $211 Billion
- Oscillator indicators are mostly neutral. RSI at 51
- Moving average indicators are mostly neutral. Ichimoku Cloud is neutral
- Volume indicators observed a decrease in volume with the lows being observed with blue candles, indicating a weak buying pressure
Price expected to see a sideways movement as price rejected from the upper band with lower highs observed. Most of the Oscillator indicators are neutral. MACD moving below the signal line with histogram size increasing in the negative direction suggesting a bearish bias. RSI at 51, around the midline, still in the neutral region. CCI is around -95, also in the neutral region with a down move. Another interesting point to notice here is that the volumes observe a decrease as the price had fallen with the 20-candle moving average decreasing.
Oscillator indicators
Most of the oscillators are neutral. CCI is around -85, in the neutral region. RSI around the midline with a value of 51 in the neutral region.
Definition:- Oscillator indicators are based on market’s property that what goes up must come down. Reversion to the mean is one of the most fundamental properties of any market. Oscillators are predictive in nature, specifying future price momentum.
| Sell | Neutral | Buy |
| 1 | 9 | 1 |
| Name | Value | Action |
|---|---|---|
| Relative Strength Index (14) | 51.41 | Neutral |
| Stochastic %K (14, 3, 3) | 35.86 | Neutral |
| Commodity Channel Index (20) | −87.43 | Neutral |
| Average Directional Index (14) | 33.40 | Neutral |
| Awesome Oscillator | 665.48 | Neutral |
| Momentum (10) | −121.75 | Buy |
| MACD Level (12, 26) | 304.51 | Sell |
| Stochastic RSI Fast (3, 3, 14, 14) | 4.07 | Neutral |
| Williams Percent Range (14) | −76.65 | Neutral |
| Bull Bear Power | −440.15 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 53.01 | Neutral |
Moving Average Indicators
Moving average (MA) indicators are mostly neutral. Ichimoku Cloud is neutral and Hull MA is indicating a selling opportunity.
Definition:- Moving Average indicators are lagging indicators that help catch trends when they are beginning to take effect. The idea is to buy when the trend is moving up and sell when the trend is falling.
| Sell | Neutral | Buy |
| 8 | 1 | 8 |
| Name | Value | Action |
|---|---|---|
| Exponential Moving Average (5) | 11659.02 | Sell |
| Simple Moving Average (5) | 11710.07 | Sell |
| Exponential Moving Average (10) | 11712.94 | Sell |
| Simple Moving Average (10) | 11818.80 | Sell |
| Exponential Moving Average (20) | 11547.43 | Sell |
| Simple Moving Average (20) | 11702.80 | Sell |
| Exponential Moving Average (30) | 11291.85 | Buy |
| Simple Moving Average (30) | 11390.47 | Buy |
| Exponential Moving Average (50) | 10844.17 | Buy |
| Simple Moving Average (50) | 10541.98 | Buy |
| Exponential Moving Average (100) | 10116.32 | Buy |
| Simple Moving Average (100) | 9975.14 | Buy |
| Exponential Moving Average (200) | 9417.26 | Buy |
| Simple Moving Average (200) | 8989.72 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 11516.30 | Neutral |
| Volume Weighted Moving Average (20) | 11716.88 | Sell |
| Hull Moving Average (9) | 11551.92 | Sell |
Trade volume
In the last few candles, there was a decrease in volume observed with the traded volume being in between 23.7k 8.8k with the 20-candle moving average decreasing from 17.9k to 14.5k
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