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 breaking the upper band reaching $11.95k
- Price volatility was high. The market moved ~3.75%, between $11.95k and $11.52k
Today’s Trend analysis
- BTCUSD expected to see a slight uptrend as the price is trading between upper and midline band with Bollinger band expanding
- Price at time of publishing: $11,916
- BTC’s market cap: $220 Billion
- Oscillator indicators are mostly neutral. RSI at 68
- Moving average indicators are indicating an uptrend. Ichimoku Cloud is neutral
- Volume indicators observed an increase in the recent candles with a spike observed for a blue candle
Price expected to see a slight uptrend as the price is trading between upper and midline band with Bollinger band expanding. Most of the Oscillator indicators are neutral. MACD moving above the signal line, with histogram size increasing in the positive direction. RSI at 68, above to the midline still in the neutral region. CCI at around 197, in the overbought region with a slight donwmove indicating a downtrend. Another interesting point to notice here is that the volume in the recent candles saw an increase with a spike for a blue candle suggesting a strong buying pressure.
Oscillator indicators
Most of the oscillators are neutral. CCI at 197 in the overbought region. RSI above the midline around 68 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 | 5 | 4 |
| Name | Value | Action |
|---|---|---|
| Relative Strength Index (14) | 68.08 | Neutral |
| Stochastic %K (14, 3, 3) | 85.27 | Neutral |
| Commodity Channel Index (20) | 197.80 | Sell |
| Average Directional Index (14) | 17.70 | Neutral |
| Awesome Oscillator | 207.22 | Buy |
| Momentum (10) | 271.71 | Buy |
| MACD Level (12, 26) | 83.92 | Buy |
| Stochastic RSI Fast (3, 3, 14, 14) | 85.64 | Neutral |
| Williams Percent Range (14) | −11.16 | Sell |
| Bull Bear Power | 391.98 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 70.02 | Buy |
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 |
| 0 | 1 | 16 |
| Name | Value | Action |
| Exponential Moving Average (5) | 11815.99 | Buy |
| Simple Moving Average (5) | 11782.97 | Buy |
| Exponential Moving Average (10) | 11750.41 | Buy |
| Simple Moving Average (10) | 11736.61 | Buy |
| Exponential Moving Average (20) | 11674.01 | Buy |
| Simple Moving Average (20) | 11648.15 | Buy |
| Exponential Moving Average (30) | 11635.23 | Buy |
| Simple Moving Average (30) | 11573.44 | Buy |
| Exponential Moving Average (50) | 11614.13 | Buy |
| Simple Moving Average (50) | 11551.13 | Buy |
| Exponential Moving Average (100) | 11594.99 | Buy |
| Simple Moving Average (100) | 11685.46 | Buy |
| Exponential Moving Average (200) | 11359.17 | Buy |
| Simple Moving Average (200) | 11616.32 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 11664.58 | Neutral |
| Volume Weighted Moving Average (20) | 11704.34 | Buy |
| Hull Moving Average (9) | 11848.2 | Buy |
Trade volume
In recent few candles, the volume observed an increase in the recent candles with a spike at the blue candle, from 1.3k to 2.67k being above the 20-candle moving average which increased from 1.15k to 1.29k.
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