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 after getting support from $11,122 at the lower band
- Price volatility was low. The market moved ~1.66%, between $11.3k and $11.12k
Today’s Trend analysis
- BTCUSD expected to see an uptrend as three driver pattern was observed with trading inside the bands
- Price at time of publishing: $11,456
- BTC’s market cap: $211 Billion
- Oscillator indicators are mostly neutral. RSI at 48
- Moving average indicators are indicating an uptrend. Ichimoku Cloud is neutral
- Volume indicators observed an increase in the recent candles with a spike with the highest price seen
Price expected to see an uptrend as three driver pattern was observed with trading inside the bands. Most of the Oscillator indicators are neutral. MACD crossed above the signal line, with histogram size increasing in positive direction. RSI at 48, close to the midline still in the neutral region. CCI at around 55, in the neutral region with an up move. Another interesting point to notice here is that the volume in the recent candles saw an increase with a spike observed with the highest price.
Oscillator indicators
Most of the oscillators are neutral. CCI at 54 in the neutral region. RSI close to the midline around 49 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 |
| 1 | 9 | 1 |
| Name | Value | Action |
| Relative Strength Index (14) | 47.73 | Neutral |
| Stochastic %K (14, 3, 3) | 56.94 | Neutral |
| Commodity Channel Index (20) | 28 | Neutral |
| Average Directional Index (14) | 26.38 | Neutral |
| Awesome Oscillator | −174.51 | Neutral |
| Momentum (10) | −41.10 | Sell |
| MACD Level (12, 26) | −66.62 | Buy |
| Stochastic RSI Fast (3, 3, 14, 14) | 96.46 | Neutral |
| Williams Percent Range (14) | −36.69 | Neutral |
| Bull Bear Power | 50.34 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 45.51 | Neutral |
Moving Average Indicators
Moving average (MA) indicators are indicating an uptrend. 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 |
| 7 | 1 | 9 |
| Name | Value | Action |
| Exponential Moving Average (5) | 11380.16 | Buy |
| Simple Moving Average (5) | 11352.5 | Buy |
| Exponential Moving Average (10) | 11380.4 | Buy |
| Simple Moving Average (10) | 11366.1 | Buy |
| Exponential Moving Average (20) | 11424.31 | Buy |
| Simple Moving Average (20) | 11398.01 | Buy |
| Exponential Moving Average (30) | 11472.34 | Sell |
| Simple Moving Average (30) | 11503.57 | Sell |
| Exponential Moving Average (50) | 11544.07 | Sell |
| Simple Moving Average (50) | 11575.9 | Sell |
| Exponential Moving Average (100) | 11565.15 | Sell |
| Simple Moving Average (100) | 11692.64 | Sell |
| Exponential Moving Average (200) | 11283.96 | Buy |
| Simple Moving Average (200) | 11500.43 | Sell |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 11472.65 | Neutral |
| Volume Weighted Moving Average (20) | 11373.08 | Buy |
| Hull Moving Average (9) | 11390.43 | Buy |
Trade volume
In recent few candles, the volume observed an increase with a spike when the price reached the highest value in recent candles, with the trading volume between 340 and 3.4k with a sudden increase to 20-candle moving average from 750 to 1.03k.
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