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 sideways movement with breaking the midline Bollinger band
- Price volatility was very high. The market moved ~4.75%, between $10.28k and $9.81k
Today’s Trend analysis
- BTCUSD expected to see an uptrend as the price is trading inside the band with support from lower band and continued Bollinger band squeeze
- Price at time of publishing: $10,216
- BTC’s market cap: $188 Billion
- Oscillator indicators are mostly neutral. RSI at 47
- Moving average indicators are mostly neutral. Ichimoku Cloud is neutral
- Volume indicators observed an increase in value as the price was low while decreased as the price saw an increase
Price expected to see an uptrend as the price is trading inside the band with support from lower band and continued Bollinger band squeeze. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram fluctuating in the positive direction. RSI at 47, in the neutral region. CCI at around 27, in the neutral region with an up move. Another interesting point to notice here is that the volume observed an increase in value as the price was low while decreased as the price saw an increase indicating a shift from buyers to sellers.
Oscillator indicators
Most of the oscillators are neutral. CCI at 29 in the neutral region with an up move. RSI with a value of around 47 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.
| Sell | Neutral | Buy |
| 1 | 9 | 1 |
| Name | Value | Action |
| Relative Strength Index (14) | 47.55 | Neutral |
| Stochastic %K (14, 3, 3) | 51.62 | Neutral |
| Commodity Channel Index (20) | 29.86 | Neutral |
| Average Directional Index (14) | 49.41 | Neutral |
| Awesome Oscillator | −126.15 | Neutral |
| Momentum (10) | 62.72 | Sell |
| MACD Level (12, 26) | −115.64 | Buy |
| Stochastic RSI Fast (3, 3, 14, 14) | 79.3 | Neutral |
| Williams Percent Range (14) | −37.79 | Neutral |
| Bull Bear Power | 114.29 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 50.33 | Neutral |
Moving Average Indicators
Moving average (MA) indicators are mostly neutral. 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 |
| 8 | 1 | 8 |
| Name | Value | Action |
| Exponential Moving Average (5) | 10148.45 | Buy |
| Simple Moving Average (5) | 10109.47 | Buy |
| Exponential Moving Average (10) | 10146.32 | Buy |
| Simple Moving Average (10) | 10158.65 | Buy |
| Exponential Moving Average (20) | 10206.55 | Buy |
| Simple Moving Average (20) | 10171.6 | Buy |
| Exponential Moving Average (30) | 10313.93 | Sell |
| Simple Moving Average (30) | 10217.51 | Sell |
| Exponential Moving Average (50) | 10536.68 | Sell |
| Simple Moving Average (50) | 10638.63 | Sell |
| Exponential Moving Average (100) | 10891.36 | Sell |
| Simple Moving Average (100) | 11089.76 | Sell |
| Exponential Moving Average (200) | 11038.12 | Sell |
| Simple Moving Average (200) | 11423.61 | Sell |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 10165.79 | Neutral |
| Volume Weighted Moving Average (20) | 10144.68 | Buy |
| Hull Moving Average (9) | 10138.41 | Buy |
Trade volume
In the recent few candles, there was an increase in volume observed from 2.2k to 5k as the price was low and as the price started to increase the volume decreased to 925, being below the 20-candle moving average which decreased from 2.42k to 1.93k.
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