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.
Market in last 24hrs
- BTCUSD saw an uptrend and later rejected from upper band
- Price volatility was low. The market moved ~1.46%, between $11.73k and $11.56k
Today’s Trend analysis
- BTCUSD expected to see a slight uptrend as the price is trading between upper and midline band with higher lows
- Price at time of publishing: $11,690
- BTC’s market cap: $215 Billion
- Oscillator indicators are mostly neutral. RSI at 54
- Moving average indicators are indicating an uptrend. Ichimoku Cloud is neutral
- Volume indicators observed an increase in the blue candles and a decrease in red candles
Price expected to see a slight uptrend as the price is trading between upper and midline band with higher lows. Most of the Oscillator indicators are neutral. MACD approaching the signal line from above, with histogram size decreasing in the positive direction. RSI at 54, above to the midline still in the neutral region. CCI at around 86, in the neutral region after a pull back from overbought region. Another interesting point to notice here is that the volume in the recent candles saw an increase with blue candles and a decrease with red candles suggesting a strong buying pressure.
Most of the oscillators are neutral. CCI at 86 in the neutral region. RSI above the midline around 54 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.
|Relative Strength Index (14)||52.19||Neutral|
|Stochastic %K (14, 3, 3)||68.44||Neutral|
|Commodity Channel Index (20)||86.23||Neutral|
|Average Directional Index (14)||18.57||Neutral|
|MACD Level (12, 26)||41.74||Buy|
|Stochastic RSI Fast (3, 3, 14, 14)||56.52||Neutral|
|Williams Percent Range (14)||−47.35||Neutral|
|Bull Bear Power||17.16||Neutral|
|Ultimate Oscillator (7, 14, 28)||55.35||Neutral|
Moving Average Indicators
Moving average (MA) indicators are indicating an 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.
|Exponential Moving Average (5)||11626.58||Sell|
|Simple Moving Average (5)||11651.13||Sell|
|Exponential Moving Average (10)||11609.81||Sell|
|Simple Moving Average (10)||11615.69||Sell|
|Exponential Moving Average (20)||11569.89||Buy|
|Simple Moving Average (20)||11558.12||Buy|
|Exponential Moving Average (30)||11555.35||Buy|
|Simple Moving Average (30)||11498.98||Buy|
|Exponential Moving Average (50)||11564.96||Buy|
|Simple Moving Average (50)||11532.5||Buy|
|Exponential Moving Average (100)||11569.62||Buy|
|Simple Moving Average (100)||11689.18||Sell|
|Exponential Moving Average (200)||11332.33||Buy|
|Simple Moving Average (200)||11595.61||Sell|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||11426.86||Neutral|
|Volume Weighted Moving Average (20)||11538.74||Buy|
|Hull Moving Average (9)||11660.19||Sell|
In recent few candles, the volume observed an increase as blue candles were observed i.e. the price increased and saw a decrease afterward as the red candles were observed i.e. the price decreased. The volume increased from 385 to 1.13k and decreased to 755 afterward with the 20-candle moving average decreasing from 1.51k to 1.14k.
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