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 increase until getting a rejection from the upper band
- Price volatility was high. The market moved ~2.94%, between $11.09k and $10.78k
Today’s Trend analysis
- BTCUSD expected to see a downtrend as the price got rejected from upper band with lower highs and Bollinger band squeeze taking place
- Price at time of publishing: $10,832
- BTC’s market cap: $200 Billion
- Oscillator indicators are mostly neutral. RSI at 57
- Moving average indicators are mostly neutral. Ichimoku Cloud is neutral
- Volume indicators observed an increase as the price increased and decreased as the price started to decrease
Price expected to see a downtrend as the price got rejected from upper band with lower highs and Bollinger band squeeze taking place. Most of the Oscillator indicators are neutral. MACD line crossed below the signal line, with the histogram in the negative region suggesting bearish bias. RSI at 57, above the midline in the neutral region with pullback from overbought. CCI at around 22, in the neutral region with a down move. Another interesting point to notice here is that the volume observed an increase as the price increased and decreased as the price started to decrease indicating a shift from buyers to sellers.
Oscillator indicators
Most of the oscillators are neutral. CCI at 22 in the neutral region. RSI with a value of around 57 above 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) | 57.19 | Neutral |
| Stochastic %K (14, 3, 3) | 51.27 | Neutral |
| Commodity Channel Index (20) | 22.89 | Neutral |
| Average Directional Index (14) | 23.95 | Neutral |
| Awesome Oscillator | 333.52 | Neutral |
| Momentum (10) | 41.85 | Buy |
| MACD Level (12, 26) | 119.22 | Sell |
| Stochastic RSI Fast (3, 3, 14, 14) | 2.93 | Neutral |
| Williams Percent Range (14) | −56.08 | Neutral |
| Bull Bear Power | 8.41 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 43.48 | 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.
| Sell | Neutral | Buy |
| 7 | 1 | 9 |
| Name | Value | Action |
| Exponential Moving Average (5) | 10879.75 | Sell |
| Simple Moving Average (5) | 10904.36 | Sell |
| Exponential Moving Average (10) | 10865.8 | Sell |
| Simple Moving Average (10) | 10892.63 | Sell |
| Exponential Moving Average (20) | 10779.98 | Buy |
| Simple Moving Average (20) | 10788.07 | Buy |
| Exponential Moving Average (30) | 10704.3 | Buy |
| Simple Moving Average (30) | 10658.11 | Buy |
| Exponential Moving Average (50) | 10634.44 | Buy |
| Simple Moving Average (50) | 10515.44 | Buy |
| Exponential Moving Average (100) | 10705.87 | Buy |
| Simple Moving Average (100) | 10606.46 | Buy |
| Exponential Moving Average (200) | 10855.65 | Sell |
| Simple Moving Average (200) | 11147.28 | Sell |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 10657.45 | Neutral |
| Volume Weighted Moving Average (20) | 10803.48 | Buy |
| Hull Moving Average (9) | 10869.64 | Sell |
Trade volume
In the recent few candles, there was an increase in volume from 902 to 3.2k as the price was increasing while the volume started to decrease from 3.2k to 845 as the price started to decrease, with the 20-candle moving average increasing from 1.94k to 2.089k and then decreasing back to 1.94k.
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