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 followed by a price decline making price movement sideways overall
- Price volatility was high. The market moved ~3.93%, between $13.2k and $12.7k
Today’s Trend analysis
- BTCUSD expected to see a slight uptrend as Gap up has been completed with Bollinger band started to squeeze
- Price at time of publishing: $13,003
- BTC’s market cap: $241 Billion
- Oscillator indicators are mostly neutral. RSI at 73
- 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 a slight uptrend as Gap up has been completed with Bollinger band started to squeeze. Most of the Oscillator indicators are neutral. MACD line approaching from above the signal line, with the histogram size decreasing in the positive region suggesting bullish bias. RSI at 73, in the overbought region, indicating a downtrend. CCI at around 69, in the neutral region with a pullback from overbought. 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 shift from buyers to sellers.
Most of the oscillators are neutral. CCI at 69 in the neutral region. RSI with a value of around 73 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)||73.73||Sell|
|Stochastic %K (14, 3, 3)||77.49||Neutral|
|Commodity Channel Index (20)||70.85||Neutral|
|Average Directional Index (14)||69.26||Neutral|
|MACD Level (12, 26)||350.19||Buy|
|Stochastic RSI Fast (3, 3, 14, 14)||16.51||Neutral|
|Williams Percent Range (14)||−22.98||Neutral|
|Bull Bear Power||351.58||Neutral|
|Ultimate Oscillator (7, 14, 28)||57.02||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)||12949.84||Buy|
|Simple Moving Average (5)||12985.17||Sell|
|Exponential Moving Average (10)||12851.66||Buy|
|Simple Moving Average (10)||12917.78||Buy|
|Exponential Moving Average (20)||12584.37||Buy|
|Simple Moving Average (20)||12533.43||Buy|
|Exponential Moving Average (30)||12369.33||Buy|
|Simple Moving Average (30)||12216.28||Buy|
|Exponential Moving Average (50)||12077.75||Buy|
|Simple Moving Average (50)||11884.53||Buy|
|Exponential Moving Average (100)||11674.95||Buy|
|Simple Moving Average (100)||11524.35||Buy|
|Exponential Moving Average (200)||11332.05||Buy|
|Simple Moving Average (200)||11089.96||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||12322.47||Neutral|
|Volume Weighted Moving Average (20)||12598.19||Buy|
|Hull Moving Average (9)||12970.83||Buy|
In the recent few candles, the volume saw an increase from 2.23k to 4.61k with price increase while saw a decrease in volume was observed to 823 with the price decline, with the 20-candle moving average increasing from 3.08k to 3.46k.
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