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 an uptrend and moved above the midline band
- Price volatility was high. The market moved ~4.05%, between $11.85k and $11.38k
Today’s Trend analysis
- BTCUSD expected to see a sideways movement as a series of trendlines were observed
- Price at time of publishing: $11,763
- BTC’s market cap: $217 Billion
- Oscillator indicators are mostly neutral. RSI at 54.
- Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
- Volume indicators observed a spike when the price had risen and further the volume decreased
Price expected to see a sideways movement as a series of higher highs, lower highs, higher lows and lower lows were observed. Most of the Oscillator indicators are neutral. MACD crossed above the signal line with histogram increasing in size in a positive direction. RSI at 54, above the midline still in the neutral region. CCI at 102, in the overbought region, with an upmove. Another interesting point to notice here is that the price has been trading inside the Bollinger band from last many candles.
Oscillator indicators
Most of the oscillators are neutral. CCI at 102, in the overbought region. RSI above the midline around 56 still 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 | 6 | 2 |
| Name | Value | Action |
|---|---|---|
| Relative Strength Index (14) | 56.20 | Neutral |
| Stochastic %K (14, 3, 3) | 83.64 | Sell |
| Commodity Channel Index (20) | 102.66 | Neutral |
| Average Directional Index (14) | 29.10 | Neutral |
| Awesome Oscillator | 32.37 | Buy |
| Momentum (10) | 161.29 | Sell |
| MACD Level (12, 26) | 11.68 | Buy |
| Stochastic RSI Fast (3, 3, 14, 14) | 82.93 | Sell |
| Williams Percent Range (14) | −15.66 | Neutral |
| Bull Bear Power | 161.51 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 68.33 | Neutral |
Moving Average Indicators
Moving average (MA) indicators a slight uptrend. 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 |
| 1 | 1 | 15 |
| Name | Value | Action |
|---|---|---|
| Exponential Moving Average (5) | 11699.30 | Buy |
| Simple Moving Average (5) | 11703.11 | Buy |
| Exponential Moving Average (10) | 11653.44 | Buy |
| Simple Moving Average (10) | 11623.65 | Buy |
| Exponential Moving Average (20) | 11634.12 | Buy |
| Simple Moving Average (20) | 11574.91 | Buy |
| Exponential Moving Average (30) | 11630.78 | Buy |
| Simple Moving Average (30) | 11657.35 | Buy |
| Exponential Moving Average (50) | 11587.10 | Buy |
| Simple Moving Average (50) | 11680.85 | Buy |
| Exponential Moving Average (100) | 11315.16 | Buy |
| Simple Moving Average (100) | 11485.32 | Buy |
| Exponential Moving Average (200) | 10777.18 | Buy |
| Simple Moving Average (200) | 10485.51 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 11603.12 | Neutral |
| Volume Weighted Moving Average (20) | 11556.14 | Buy |
| Hull Moving Average (9) | 11794.43 | Sell |
Trade volume
In recent few candles, the volume increased as the price had risen and then decreased in recent candles. The traded volume was between 4.69k and 964 with the 20-candle average being between 2.8k and 2.61k.
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