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 downtrend followed by an uptrend touching the midline Bollinger band
- Price volatility was low. The market moved ~3.03%, between $10.95k and $10.62k
Today’s Trend analysis
- BTCUSD expected to see a slight downtrend as the price is trading inside the band is expected to get midline resistance
- Price at time of publishing: $10,773
- BTC’s market cap: $199 Billion
- Oscillator indicators are mostly neutral. RSI at 53
- Moving average indicators are indicating an uptrend Ichimoku Cloud is neutral
- Volume indicators from observed an increase as price increased while a decrease as price saw a decline
Price expected to see a slight downtrend as the price is trading inside the band is expected to get midline resistance. Most of the Oscillator indicators are neutral. MACD line crossed below the signal line, with the histogram size increasing in the negative region suggesting bearish bias. RSI at 53, above the midline in the neutral region. CCI at around 16, in the neutral region with a slight up move. Another interesting point to notice here is that the volume observed an increase as price increased while a decrease as price saw a decline indicating strengthened buying pressure.
Most of the oscillators are neutral. CCI at 15 in the neutral region with a slight up move. RSI with a value of around 53 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.
|Relative Strength Index (14)||53.19||Neutral|
|Stochastic %K (14, 3, 3)||38.16||Neutral|
|Commodity Channel Index (20)||15.42||Neutral|
|Average Directional Index (14)||18.5||Neutral|
|MACD Level (12, 26)||32.68||Sell|
|Stochastic RSI Fast (3, 3, 14, 14)||17.99||Neutral|
|Williams Percent Range (14)||−49.02||Neutral|
|Bull Bear Power||−38.43||Buy|
|Ultimate Oscillator (7, 14, 28)||49.13||Neutral|
Moving Average Indicators
Moving average (MA) indicators ae 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.
|Exponential Moving Average (5)||10759.4||Buy|
|Simple Moving Average (5)||10749.22||Buy|
|Exponential Moving Average (10)||10768.61||Buy|
|Simple Moving Average (10)||10804.47||Sell|
|Exponential Moving Average (20)||10748.38||Buy|
|Simple Moving Average (20)||10760.41||Buy|
|Exponential Moving Average (30)||10726.47||Buy|
|Simple Moving Average (30)||10730.74||Buy|
|Exponential Moving Average (50)||10704.32||Buy|
|Simple Moving Average (50)||10618.28||Buy|
|Exponential Moving Average (100)||10705.39||Buy|
|Simple Moving Average (100)||10708.55||Buy|
|Exponential Moving Average (200)||10781.15||Sell|
|Simple Moving Average (200)||10776.55||Sell|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||10751.57||Neutral|
|Volume Weighted Moving Average (20)||10778.97||Sell|
|Hull Moving Average (9)||10681.96||Buy|
In the recent few candles, the volume saw an increase in value as price increased with a decrease in volume as price saw a decline with the traded volume in between 1.28k and 408, with the 20-candle moving average decreasing from 616 to 540.
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