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 a sideways movement with Bollinger band squeeze and price moving below the midline
- Price volatility was very high. The market moved ~3.58%, between $10.36k and $10k
Today’s Trend analysis
- BTCUSD expected to see a slight uptrend after getting support from the lower band as the price is trading between midline and lower band
- Price at time of publishing: $10,017
- BTC’s market cap: $185 Billion
- Oscillator indicators are mostly neutral. RSI at 33
- Moving average indicators are indicating a downtrend. Ichimoku Cloud is neutral
- Volume indicators observed relatively low value indicating a bearish momentum as well as decrease in the trades
Price expected to see a slight uptrend after getting support from the lower band as the price is trading between midline and lower band. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size decreasing in the positive direction. RSI at 33, in the neutral region. CCI at around -136, in the oversold region with a down move indicating an uptrend. Another interesting point to notice here is that the volume observed relatively low value indicating a bearish momentum as well as a decrease in the trades
Most of the oscillators are neutral. CCI at -136 in the oversold region with a down move indicating an uptrend. RSI with a value of around 33 below the midline 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)||32.77||Neutral|
|Stochastic %K (14, 3, 3)||36.73||Neutral|
|Commodity Channel Index (20)||−136.00||Neutral|
|Average Directional Index (14)||56.07||Neutral|
|MACD Level (12, 26)||−233.13||Buy|
|Stochastic RSI Fast (3, 3, 14, 14)||72.6||Neutral|
|Williams Percent Range (14)||−71.89||Neutral|
|Bull Bear Power||−263.89||Neutral|
|Ultimate Oscillator (7, 14, 28)||46.38||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.
|Exponential Moving Average (5)||10138.95||Sell|
|Simple Moving Average (5)||10177||Sell|
|Exponential Moving Average (10)||10192.9||Sell|
|Simple Moving Average (10)||10190.34||Sell|
|Exponential Moving Average (20)||10347.28||Sell|
|Simple Moving Average (20)||10269.7||Sell|
|Exponential Moving Average (30)||10516.52||Sell|
|Simple Moving Average (30)||10511.33||Sell|
|Exponential Moving Average (50)||10774.14||Sell|
|Simple Moving Average (50)||11001.08||Sell|
|Exponential Moving Average (100)||11091.52||Sell|
|Simple Moving Average (100)||11262.12||Sell|
|Exponential Moving Average (200)||11150.77||Sell|
|Simple Moving Average (200)||11515.09||Sell|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||10663.68||Neutral|
|Volume Weighted Moving Average (20)||10293.77||Sell|
|Hull Moving Average (9)||10127.25||Sell|
In the recent few candles, the volume observed was relatively very low, the volume traded was between 2.1k and 962 being below the 20-candle moving average which decreased from 3.94k to 2.72k.
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