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 4 hr candles.
You can find price analysis from previous days on blog here and on Tradingview here.
Analysis Summary
Market in last 24hrs
- BTCUSD saw a downtrend further and got support from lower Bollinger Band
- Price volatility was high. The market moved ~5.89%, between $11.77k and $11.12k
Today’s Trend analysis
- BTCUSD expected to see a sideways movement with a slight bullish bias
- Price at time of publishing: $11,516
- BTC’s market cap: $212 Billion
- Oscillator indicators are mostly neutral. RSI at 45.
- Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral
- Volume indicators observed a decrease in volume as the price reversal took place
Price expected to see a sideways movement with a slight bullish bias as price got support from lower band. Most of the Oscillator indicators are neutral. MACD approaching the signal line from below with histogram decreasing in size in negative direction. RSI at 45, below midline with an upmove in the neutral region. CCI at -65, in the neutral region, got back from oversold region with an upmove. Another interesting point to notice here is that the Bollinger band expansion is taking place as well as the decrease in volume with an increase in the 20-candle moving average.
Oscillator indicators
Most of the oscillators are neutral. CCI at -68, in the neutral region. RSI below the midline around 45 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 |
| 3 | 8 | 0 |
| Name | Value | Action |
|---|---|---|
| Relative Strength Index (14) | 44.18 | Neutral |
| Stochastic %K (14, 3, 3) | 33.60 | Neutral |
| Commodity Channel Index (20) | −71.87 | Neutral |
| Average Directional Index (14) | 31.25 | Neutral |
| Awesome Oscillator | −311.04 | Sell |
| Momentum (10) | −364.30 | Sell |
| MACD Level (12, 26) | −57.78 | Sell |
| Stochastic RSI Fast (3, 3, 14, 14) | 13.07 | Neutral |
| Williams Percent Range (14) | −60.09 | Neutral |
| Bull Bear Power | −202.69 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 64.40 | Neutral |
Moving Average Indicators
Moving average (MA) indicators a slight downtrend. Ichimoku Cloud is neutral and Hull MA is indicating a buying 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 |
| 9 | 1 | 7 |
| Name | Value | Action |
|---|---|---|
| Exponential Moving Average (5) | 11484.16 | Buy |
| Simple Moving Average (5) | 11426.37 | Buy |
| Exponential Moving Average (10) | 11553.41 | Sell |
| Simple Moving Average (10) | 11587.60 | Sell |
| Exponential Moving Average (20) | 11623.48 | Sell |
| Simple Moving Average (20) | 11687.62 | Sell |
| Exponential Moving Average (30) | 11631.47 | Sell |
| Simple Moving Average (30) | 11681.36 | Sell |
| Exponential Moving Average (50) | 11564.66 | Sell |
| Simple Moving Average (50) | 11629.08 | Sell |
| Exponential Moving Average (100) | 11232.86 | Buy |
| Simple Moving Average (100) | 11370.13 | Buy |
| Exponential Moving Average (200) | 10670.22 | Buy |
| Simple Moving Average (200) | 10342.44 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 11605.00 | Neutral |
| Volume Weighted Moving Average (20) | 11663.05 | Sell |
| Hull Moving Average (9) | 11365.66 | Buy |
Trade volume
In recent few candles, the volume has been decreasing from 6.08k to 1.3k with an increase in the 20-candle moving average from 2.3k to 2.7k.
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