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 continued uptrend with price riding the upper band
- Price volatility was very high. The market moved ~9.13%, between $13.25k and $12.14k
Today’s Trend analysis
- BTCUSD expected to see an uptrend as price is riding the upper band with higher lows and Bollinger band expansion observed
- Price at time of publishing: $12,298
- BTC’s market cap: $240 Billion
- Oscillator indicators are mostly neutral. RSI at 84
- Moving average indicators are indicating an uptrend Ichimoku Cloud is neutral
- Volume indicators observed an increase with an increase in price while a decrease in value with the price decline
Price expected to see an uptrend as price is riding the upper band with higher lows and Bollinger band expansion 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 84, in the overbought region, indicating a downtrend. CCI at around 134, in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed an increase with an increase in price while a decrease in value with the price decline indicating a strengthened buying pressure.
Most of the oscillators are neutral. CCI at 134 in the overbought region. RSI with a value of around 84 in the overbought 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)||84.29||Sell|
|Stochastic %K (14, 3, 3)||74.21||Neutral|
|Commodity Channel Index (20)||134.49||Neutral|
|Average Directional Index (14)||61.80||Neutral|
|MACD Level (12, 26)||358.82||Buy|
|Stochastic RSI Fast (3, 3, 14, 14)||77.82||Neutral|
|Williams Percent Range (14)||−15.65||Neutral|
|Bull Bear Power||806.07||Neutral|
|Ultimate Oscillator (7, 14, 28)||51.78||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)||12784.3||Buy|
|Simple Moving Average (5)||12801.78||Buy|
|Exponential Moving Average (10)||12571.68||Buy|
|Simple Moving Average (10)||12542.04||Buy|
|Exponential Moving Average (20)||12262.8||Buy|
|Simple Moving Average (20)||12138.35||Buy|
|Exponential Moving Average (30)||12070.7||Buy|
|Simple Moving Average (30)||11897.54||Buy|
|Exponential Moving Average (50)||11833.74||Buy|
|Simple Moving Average (50)||11692.8||Buy|
|Exponential Moving Average (100)||11508.83||Buy|
|Simple Moving Average (100)||11388.4||Buy|
|Exponential Moving Average (200)||11230.26||Buy|
|Simple Moving Average (200)||11031.69||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||12303.32||Neutral|
|Volume Weighted Moving Average (20)||12369.37||Buy|
|Hull Moving Average (9)||12938.73||Buy|
In the recent few candles, the volume saw an increase with price increase while saw a decrease in volume was observed with the price decline, making the total traded volume in between 1.69k and 9.06, with the 20-candle moving average increasing from 1.78k to 3.15k.
Mudrex platform helps traders build no-code Algo trading bots using Technical analysis based indicators.
Mudrex Invest is a collection of reviewed and verified funds created by professional traders on Mudrex. Traders create these funds using their trading bots. Individual investors can invest in them for a monthly fee and gain the benefits of passive investing!
Signup today: https://mudrex.com/