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 uptrend with a breakout for midline reaching the upper Bollinger band
- Price volatility was low. The market moved ~2.57%, between $10.93k and $10.65k
Today’s Trend analysis
- BTCUSD expected to see an uptrend as higher lows were observed along with a slight expansion of Bollinger band
- Price at time of publishing: $10,880
- BTC’s market cap: $202 Billion
- Oscillator indicators are mostly neutral. RSI at 59
- Moving average indicators are indicating an uptrend Ichimoku Cloud is neutral
- Volume indicators from observed an increase as price saw an increase with a few ups and downs due to sideways movement of price
Price expected to see an uptrend as higher lows were observed along with a slight expansion of the Bollinger band. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line, with the histogram size increasing in the positive region suggesting bullish bias. RSI at 59, above the midline in the neutral region. CCI at around 122, in the overbought region. Another interesting point to notice here is that the volume observed an increase as price saw an increase with a few ups and downs due to sideways movement of price indicating strong buying pressure.
Oscillator indicators
Most of the oscillators are neutral. CCI at 122 in the overbought region. RSI with a value of around 59 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 |
| 2 | 6 | 3 |
| Name | Value | Action |
| Relative Strength Index (14) | 59.05 | Neutral |
| Stochastic %K (14, 3, 3) | 86.04 | Neutral |
| Commodity Channel Index (20) | 109.34 | Sell |
| Average Directional Index (14) | 16.76 | Neutral |
| Awesome Oscillator | 66.59 | Buy |
| Momentum (10) | 53.58 | Buy |
| MACD Level (12, 26) | 34.21 | Buy |
| Stochastic RSI Fast (3, 3, 14, 14) | 92.71 | Neutral |
| Williams Percent Range (14) | −16.54 | Sell |
| Bull Bear Power | 201.61 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 57.15 | Neutral |
Moving Average Indicators
Moving average (MA) indicators ae indicating an uptrend. 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 |
| 1 | 1 | 15 |
| Name | Value | Action |
| Exponential Moving Average (5) | 10847.98 | Buy |
| Simple Moving Average (5) | 10841.55 | Buy |
| Exponential Moving Average (10) | 10812.17 | Buy |
| Simple Moving Average (10) | 10781.02 | Buy |
| Exponential Moving Average (20) | 10782.71 | Buy |
| Simple Moving Average (20) | 10780.73 | Buy |
| Exponential Moving Average (30) | 10762.64 | Buy |
| Simple Moving Average (30) | 10771.72 | Buy |
| Exponential Moving Average (50) | 10736.49 | Buy |
| Simple Moving Average (50) | 10690.06 | Buy |
| Exponential Moving Average (100) | 10722.44 | Buy |
| Simple Moving Average (100) | 10748.55 | Buy |
| Exponential Moving Average (200) | 10780.77 | Buy |
| Simple Moving Average (200) | 10734.37 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 10771.79 | Neutral |
| Volume Weighted Moving Average (20) | 10787.89 | Buy |
| Hull Moving Average (9) | 10902.53 | Sell |
Trade volume
In the recent few candles, the volume saw an increase as the price increased with few ups and downs observed due to sideways movement of price, with the traded volume between 1.52k and 609, being mostly below the 20-candle moving average which increased from 1.12k to 1.21k.
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