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 with price moving below the midline
- Price volatility was high. The market moved ~5.87%, between $12.29k and $11.61k
Today’s Trend analysis
- BTCUSD expected to see an uptrend as price got support from lower band with a green cloud formation
- Price at time of publishing: $11,831
- BTC’s market cap: $218 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 sudden spike with a larger red candle and decreased thereafter
Price expected to see an uptrend as Ichimoku cloud forms a green cloud. Most of the Oscillator indicators are neutral. MACD crossed below the signal line with histogram increasing in size in the negative direction. RSI at 45, below the midline still in the neutral region. CCI at -60, in the neutral region, with a downmove. Another interesting point to notice here is that the price saw a support from the lower band suggesting the price to move upwards.
Oscillator indicators
Most of the oscillators are neutral. CCI at -55 in the neutral region. RSI below the midline around 45 still in the neutral region.
Definition:- Oscillator indicators are based on the 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) | 45.30 | Neutral |
| Stochastic %K (14, 3, 3) | 21.10 | Neutral |
| Commodity Channel Index (20) | −55.89 | Neutral |
| Average Directional Index (14) | 22.25 | Neutral |
| Awesome Oscillator | −26.43 | Sell |
| Momentum (10) | −492.39 | Sell |
| MACD Level (12, 26) | 23.20 | Sell |
| Stochastic RSI Fast (3, 3, 14, 14) | 1.66 | Neutral |
| Williams Percent Range (14) | −71.73 | Neutral |
| Bull Bear Power | −337.17 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 45.35 | 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 |
| 10 | 1 | 6 |
| Name | Value | Action |
|---|---|---|
| Exponential Moving Average (5) | 11896.96 | Sell |
| Simple Moving Average (5) | 11890.05 | Sell |
| Exponential Moving Average (10) | 11962.02 | Sell |
| Simple Moving Average (10) | 12045.01 | Sell |
| Exponential Moving Average (20) | 11967.55 | Sell |
| Simple Moving Average (20) | 11999.83 | Sell |
| Exponential Moving Average (30) | 11933.74 | Sell |
| Simple Moving Average (30) | 11948.91 | Sell |
| Exponential Moving Average (50) | 11856.23 | Sell |
| Simple Moving Average (50) | 11799.99 | Buy |
| Exponential Moving Average (100) | 11607.13 | Buy |
| Simple Moving Average (100) | 11692.63 | Buy |
| Exponential Moving Average (200) | 11082.82 | Buy |
| Simple Moving Average (200) | 10896.60 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 12036.50 | Neutral |
| Volume Weighted Moving Average (20) | 12073.17 | Sell |
| Hull Moving Average (9) | 11770.23 | Buy |
Trade volume
In recent few candles, the volume saw a sudden spike of 7.03k in the larger red candle decreasing to 3.5k to 1.89k thereafter being above the 20-candle moving average with the 20-candle moving average increasing from 2.68k to 2.89k.
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