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 after the price got rejected from the upper Bollinger band
- Price volatility was low. The market moved ~2.6%, between $11.82k and $11.51k
Today’s Trend analysis
- BTCUSD expected to see a downtrend and get support from lower band to see uptrend further
- Price at time of publishing: $11,595
- BTC’s market cap: $214 Billion
- Oscillator indicators are mostly neutral. RSI at 41
- Moving average indicators are indicating a downtrend. Ichimoku Cloud is neutral
- Volume indicators observed were relatively low and decreased in the recent candles
Price expected to see a downtrend and get support from the lower band to see uptrend further as the price is trading between the bands. Most of the Oscillator indicators are neutral. MACD crossed below the signal line, with histogram changing direction from positive to negative. RSI at 41, below the midline still in the neutral region. CCI at -81, in the neutral region with a down move. Another interesting point to notice here is that the volume in the recent candles was relatively low and saw a decrease.
Oscillator indicators
Most of the oscillators are neutral. CCI at -81 in the neutral region with a down move. RSI below the midline around 41 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 |
| 2 | 7 | 2 |
| Name | Value | Action |
|---|---|---|
| Relative Strength Index (14) | 41.05 | Neutral |
| Stochastic %K (14, 3, 3) | 26.92 | Neutral |
| Commodity Channel Index (20) | −81.70 | Neutral |
| Average Directional Index (14) | 21.10 | Neutral |
| Awesome Oscillator | −8.65 | Sell |
| Momentum (10) | −106.45 | Buy |
| MACD Level (12, 26) | −22.48 | Sell |
| Stochastic RSI Fast (3, 3, 14, 14) | 20.36 | Neutral |
| Williams Percent Range (14) | −81.07 | Buy |
| Bull Bear Power | −223.19 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 45.02 | Neutral |
Moving Average Indicators
Moving average (MA) indicators are indicating a downtrend. 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 |
| 14 | 1 | 2 |
| Name | Value | Action |
|---|---|---|
| Exponential Moving Average (5) | 11639.45 | Sell |
| Simple Moving Average (5) | 11665.27 | Sell |
| Exponential Moving Average (10) | 11664.77 | Sell |
| Simple Moving Average (10) | 11696.33 | Sell |
| Exponential Moving Average (20) | 11679.14 | Sell |
| Simple Moving Average (20) | 11653.31 | Sell |
| Exponential Moving Average (30) | 11697.83 | Sell |
| Simple Moving Average (30) | 11681.95 | Sell |
| Exponential Moving Average (50) | 11720.90 | Sell |
| Simple Moving Average (50) | 11795.62 | Sell |
| Exponential Moving Average (100) | 11646.53 | Sell |
| Simple Moving Average (100) | 11759.97 | Sell |
| Exponential Moving Average (200) | 11265.45 | Buy |
| Simple Moving Average (200) | 11339.05 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 11621.83 | Neutral |
| Volume Weighted Moving Average (20) | 11652.89 | Sell |
| Hull Moving Average (9) | 11596.50 | Sell |
Trade volume
In recent few candles, the volume observed was relatively low and decreased in the recent candles from 1.6k to 460, being less than 20-candle moving average which decreased from 1.47k to 1.02k.
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