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 consolidation after the price declined to get the lower Bollinger band support
- Price volatility was very high. The market moved ~5.57%, between $13.49k and $12.78k
Today’s Trend analysis
- BTCUSD expected to see an uptrend as the price after getting support from the lower band saw an uptrend with higher lows and the Bollinger band started to expand
- Price at time of publishing: $13,408
- BTC’s market cap: $245 Billion
- Oscillator indicators are mostly neutral. RSI at 68
- Moving average indicators are indicating an uptrend Ichimoku Cloud is neutral
- Volume indicators observed a change from an increase in volume with price decline to an increase in volume with price increase
Price expected to see an uptrend as the price after getting support from the lower band saw an uptrend with higher lows and the Bollinger band started to expand. 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 68, in the neutral region. CCI at around 252, in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed a change from an increase in volume with price decline to an increase in volume with price increase indicating a shift from sellers to buyers.
Oscillator indicators
Most of the oscillators are neutral. CCI at 252 in the overbought region. RSI with a value of around 68 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 | 8 | 1 |
| Name | Value | Action |
| Relative Strength Index (14) | 68.75 | Neutral |
| Stochastic %K (14, 3, 3) | 70.65 | Neutral |
| Commodity Channel Index (20) | 252.11 | Neutral |
| Average Directional Index (14) | 45.55 | Neutral |
| Awesome Oscillator | 78.13 | Buy |
| Momentum (10) | 346.31 | Sell |
| MACD Level (12, 26) | 128.09 | Sell |
| Stochastic RSI Fast (3, 3, 14, 14) | 48.03 | Neutral |
| Williams Percent Range (14) | −6.12 | Neutral |
| Bull Bear Power | 300.71 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 63.98 | 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.
| Sell | Neutral | Buy |
| 0 | 1 | 16 |
| Name | Value | Action |
| Exponential Moving Average (5) | 13193.71 | Buy |
| Simple Moving Average (5) | 13143.62 | Buy |
| Exponential Moving Average (10) | 13132.56 | Buy |
| Simple Moving Average (10) | 13105.1 | Buy |
| Exponential Moving Average (20) | 13053.04 | Buy |
| Simple Moving Average (20) | 13084.44 | Buy |
| Exponential Moving Average (30) | 12942.25 | Buy |
| Simple Moving Average (30) | 13044.79 | Buy |
| Exponential Moving Average (50) | 12694.27 | Buy |
| Simple Moving Average (50) | 12682 | Buy |
| Exponential Moving Average (100) | 12206.33 | Buy |
| Simple Moving Average (100) | 12041.15 | Buy |
| Exponential Moving Average (200) | 11701.79 | Buy |
| Simple Moving Average (200) | 11388.54 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 13082.3 | Neutral |
| Volume Weighted Moving Average (20) | 13128.96 | Buy |
| Hull Moving Average (9) | 13207.72 | Buy |
Trade volume
In the recent few candles, the volume saw an increase with price decline which changed to increase in volume with an increase in price, making the total traded volume between 3.86k and 959, mostly below the 20-candle moving average which increased from 1.43k to 1.65k.
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