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 consolidation after getting resistance from the upper band
- Price volatility was low. The market moved ~1.19%, between $11.54k and $11.40k
Today’s Trend analysis
- BTCUSD expected to see an uptrend after price getting midline support with higher lows being observed
- Price at time of publishing: $11,495
- BTC’s market cap: $212 Billion
- Oscillator indicators are mostly neutral. RSI at 56
- Moving average indicators are indicating an uptrend Ichimoku Cloud is neutral
- Volume indicators observed an increase in volume with the price increase while a decrease in volume as the price declines
Price expected to see an uptrend after price getting midline support with higher lows being observed. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size increasing in the positive region suggesting bullish bias. RSI at 56, above the midline in the neutral region. CCI at around 111, in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed an increase in volume with the price increase while a decrease in volume as the price declines suggesting a string buying pressure.
Most of the oscillators are neutral. CCI at 111 in the overbought region. RSI with a value of around 56 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)||57.16||Neutral|
|Stochastic %K (14, 3, 3)||68.21||Neutral|
|Commodity Channel Index (20)||111.95||Neutral|
|Average Directional Index (14)||15.24||Neutral|
|MACD Level (12, 26)||28.59||Buy|
|Stochastic RSI Fast (3, 3, 14, 14)||53.63||Neutral|
|Williams Percent Range (14)||−23.50||Neutral|
|Bull Bear Power||75.17||Neutral|
|Ultimate Oscillator (7, 14, 28)||50.72||Neutral|
Moving Average Indicators
Moving average (MA) indicators are 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)||11465.09||Buy|
|Simple Moving Average (5)||11469.32||Buy|
|Exponential Moving Average (10)||11444.69||Buy|
|Simple Moving Average (10)||11442.79||Buy|
|Exponential Moving Average (20)||11421.04||Buy|
|Simple Moving Average (20)||11392.38||Buy|
|Exponential Moving Average (30)||11400.95||Buy|
|Simple Moving Average (30)||11401.16||Buy|
|Exponential Moving Average (50)||11341.29||Buy|
|Simple Moving Average (50)||11406.7||Buy|
|Exponential Moving Average (100)||11184.94||Buy|
|Simple Moving Average (100)||11101.23||Buy|
|Exponential Moving Average (200)||11032.3||Buy|
|Simple Moving Average (200)||10915.94||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||11411.8||Neutral|
|Volume Weighted Moving Average (20)||11368.71||Buy|
|Hull Moving Average (9)||11478.4||Buy|
In the recent few candles, the volume saw an increase as the price increased while volume decreased as price observed a decline making the total traded volume between 1.15k and 361 being below the 20-candle moving average which decreased from 1.12k to 943.
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