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 consolidation as the price got midline support
- Price volatility was high. The market moved ~2.3%, between $13.18k and $12.89k
Today’s Trend analysis
- BTCUSD expected to see an uptrend as the price after getting a rejection from the upper band got midline support with higher lows
- Price at time of publishing: $13,153
- BTC’s market cap: $243 Billion
- Oscillator indicators are mostly neutral. RSI at 62
- 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 the price after getting a rejection from the upper band got midline support with higher lows. Most of the Oscillator indicators are neutral. MACD line approaching from below the signal line, with the histogram size decreasing in the negative region suggesting bearish bias. RSI at 62, in the neutral region. CCI at around 92, in the neutral region. 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 92 in the neutral region. RSI with a value of around 62 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)||62.41||Neutral|
|Stochastic %K (14, 3, 3)||43.62||Neutral|
|Commodity Channel Index (20)||92.63||Neutral|
|Average Directional Index (14)||55.4||Neutral|
|MACD Level (12, 26)||150.04||Sell|
|Stochastic RSI Fast (3, 3, 14, 14)||18.65||Neutral|
|Williams Percent Range (14)||−48.40||Neutral|
|Bull Bear Power||−8.24||Neutral|
|Ultimate Oscillator (7, 14, 28)||61.07||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)||13083.27||Buy|
|Simple Moving Average (5)||13075.73||Buy|
|Exponential Moving Average (10)||13064.24||Buy|
|Simple Moving Average (10)||13077.93||Buy|
|Exponential Moving Average (20)||12981.03||Buy|
|Simple Moving Average (20)||13030.77||Buy|
|Exponential Moving Average (30)||12848.11||Buy|
|Simple Moving Average (30)||12978.98||Buy|
|Exponential Moving Average (50)||12576.57||Buy|
|Simple Moving Average (50)||12482.29||Buy|
|Exponential Moving Average (100)||12089.32||Buy|
|Simple Moving Average (100)||11932.77||Buy|
|Exponential Moving Average (200)||11613.97||Buy|
|Simple Moving Average (200)||11305.78||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||13025.13||Neutral|
|Volume Weighted Moving Average (20)||13036.9||Buy|
|Hull Moving Average (9)||13095.46||Buy|
In the recent few candles, the volume saw a decline in value as the price decreased, while saw an increase with the price increase. The total traded volume was between 2.35k and 775, with the volume being below the 20-candle moving average which decreased from 2.15k to 1.43k
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