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 with the price getting resistance from the upper band
- Price volatility was high. The market moved ~2.44%, between $10.42k and $0.17k
Today’s Trend analysis
- BTCUSD expected to see a sideways movement as the price saw higher lows with getting a rejection from the upper band
- Price at time of publishing: $10,289
- BTC’s market cap: $190 Billion
- Oscillator indicators are mostly neutral. RSI at 50
- Moving average indicators are mostly neutral. Ichimoku Cloud is neutral
- Volume indicators observed an increase in value as the uptrend was seen and saw a decrease after that
Price expected to see a sideways movement as the price saw higher lows with getting a rejection from the upper 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 50, close to the midline in the neutral region. CCI at around 62, in the neutral region. Another interesting point to notice here is that the volume observed an increase in value as the uptrend was seen and saw a decrease after that indicating a weakening selling pressure.
Most of the oscillators are neutral. CCI at 66 in the neutral region. RSI with a value of around 50 close to 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)||50.34||Neutral|
|Stochastic %K (14, 3, 3)||79.84||Neutral|
|Commodity Channel Index (20)||66.7||Neutral|
|Average Directional Index (14)||39.17||Neutral|
|MACD Level (12, 26)||−35.68||Buy|
|Stochastic RSI Fast (3, 3, 14, 14)||86.4||Neutral|
|Williams Percent Range (14)||−22.54||Neutral|
|Bull Bear Power||104.69||Sell|
|Ultimate Oscillator (7, 14, 28)||53.01||Neutral|
Moving Average Indicators
Moving average (MA) indicators are mostly neutral. 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)||10281.67||Buy|
|Simple Moving Average (5)||10293.7||Sell|
|Exponential Moving Average (10)||10248.66||Buy|
|Simple Moving Average (10)||10229.73||Buy|
|Exponential Moving Average (20)||10244.7||Buy|
|Simple Moving Average (20)||10187.86||Buy|
|Exponential Moving Average (30)||10306.2||Sell|
|Simple Moving Average (30)||10190.99||Buy|
|Exponential Moving Average (50)||10484.05||Sell|
|Simple Moving Average (50)||10441.71||Sell|
|Exponential Moving Average (100)||10823.32||Sell|
|Simple Moving Average (100)||11003.26||Sell|
|Exponential Moving Average (200)||10994.52||Sell|
|Simple Moving Average (200)||11382.97||Sell|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||10135.63||Neutral|
|Volume Weighted Moving Average (20)||10167.75||Buy|
|Hull Moving Average (9)||10333.8||Sell|
In the recent few candles, there was an increase in volume observed from 993 to 2.35k as there was an uptrend and the volume decreased to 858, with the 20-candle moving average saw an increase from 1.93k to 2.01k.
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