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 slight downward movement bouncing back from $11,569
- Price volatility was high. The market moved ~2.99%, between $11.91k and $11.57k
Today’s Trend analysis
- BTCUSD expected to move sideways as the price had been seeing ups and down
- Price at time of publishing: $11,760
- BTC’s market cap: $217 Billion
- Oscillator indicators are mostly neutral. RSI at 44
- Moving average indicators are mostly neutral. Ichimoku Cloud is neutral
- Volume indicators observed a consistent decrease in the recent candles
Price expected to see a sideways movement as it bounced back and saw a price decrease after that. Most of the Oscillator indicators are neutral. MACD approaching from below the signal line with histogram decreasing in size in the negative direction. RSI at 44, below the midline still in the neutral region. CCI at -67, in the neutral region, with an up move. Another interesting point to notice here is that the volume in the recent candles were decreasing consistently.
Oscillator indicators
Most of the oscillators are neutral. CCI at -58 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) | 45.78 | Neutral |
| Stochastic %K (14, 3, 3) | 19.68 | Neutral |
| Commodity Channel Index (20) | −58.80 | Neutral |
| Average Directional Index (14) | 24.72 | Neutral |
| Awesome Oscillator | −188.42 | Sell |
| Momentum (10) | −202.92 | Sell |
| MACD Level (12, 26) | −47.94 | Sell |
| Stochastic RSI Fast (3, 3, 14, 14) | 17.92 | Neutral |
| Williams Percent Range (14) | −72.33 | Neutral |
| Bull Bear Power | −154.00 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 43.73 | Neutral |
Moving Average Indicators
Moving average (MA) indicators are mostly neutral. 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 |
| 8 | 1 | 8 |
| Name | Value | Action |
|---|---|---|
| Exponential Moving Average (5) | 11751.95 | Buy |
| Simple Moving Average (5) | 11721.90 | Buy |
| Exponential Moving Average (10) | 11800.36 | Sell |
| Simple Moving Average (10) | 11781.65 | Buy |
| Exponential Moving Average (20) | 11859.39 | Sell |
| Simple Moving Average (20) | 11964.20 | Sell |
| Exponential Moving Average (30) | 11865.57 | Sell |
| Simple Moving Average (30) | 11927.58 | Sell |
| Exponential Moving Average (50) | 11828.51 | Sell |
| Simple Moving Average (50) | 11823.67 | Sell |
| Exponential Moving Average (100) | 11620.55 | Buy |
| Simple Moving Average (100) | 11721.76 | Buy |
| Exponential Moving Average (200) | 11120.25 | Buy |
| Simple Moving Average (200) | 10974.14 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 12023.70 | Neutral |
| Volume Weighted Moving Average (20) | 12027.37 | Sell |
| Hull Moving Average (9) | 11709.21 | Buy |
Trade volume
In recent few candles, the volume saw a consistent decrease from 3.4k to 826 with the 20-candle moving average increasing from 3.002k to 3.09k, with 20-candle moving average being above the volume.
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