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 sideways movement with the price breaking and falling back to the midline
- Price volatility was very high. The market moved ~5.47%, between $13.68k and $12.97k
Today’s Trend analysis
- BTCUSD expected to see a downtrend as the price observed a midline resistance and the Bollinger band started to squeeze
- Price at time of publishing: $13,365
- BTC’s market cap: $245 Billion
- Oscillator indicators are mostly neutral. RSI at 50
- Moving average indicators are indicating a downtrend Ichimoku Cloud is neutral
- Volume indicators observed a change from volume decreasing with price decline to volume increase with volume decline
Price expected to see a downtrend as the price observed a midline resistance and the Bollinger band started to squeeze. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, with the histogram size decreasing in the negative region suggesting bearish bias. RSI at 50, in the neutral region close to the midline. CCI at around -44, in the neutral region. Another interesting point to notice here is that the volume observed a change from volume decreasing with price decline to volume increase with volume decline indicating a shift from buyers to sellers.
Most of the oscillators are neutral. CCI at -44 in the neutral region. RSI with a value of around 50 close to 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)||50.3||Neutral|
|Stochastic %K (14, 3, 3)||43.57||Neutral|
|Commodity Channel Index (20)||−44.22||Neutral|
|Average Directional Index (14)||25.36||Neutral|
|MACD Level (12, 26)||58.74||Sell|
|Stochastic RSI Fast (3, 3, 14, 14)||23.34||Neutral|
|Williams Percent Range (14)||−59.22||Neutral|
|Bull Bear Power||−133.88||Buy|
|Ultimate Oscillator (7, 14, 28)||48.39||Neutral|
Moving Average Indicators
Moving average (MA) indicators are indicating a downtrend. Ichimoku Cloud is neutral and Hull MA is indicating a selling 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)||13320.82||Sell|
|Simple Moving Average (5)||13381.19||Sell|
|Exponential Moving Average (10)||13331.78||Sell|
|Simple Moving Average (10)||13311.41||Sell|
|Exponential Moving Average (20)||13308.49||Sell|
|Simple Moving Average (20)||13391.87||Sell|
|Exponential Moving Average (30)||13242.09||Buy|
|Simple Moving Average (30)||13278.2||Sell|
|Exponential Moving Average (50)||13047.92||Buy|
|Simple Moving Average (50)||13167.82||Buy|
|Exponential Moving Average (100)||12565.27||Buy|
|Simple Moving Average (100)||12400.82||Buy|
|Exponential Moving Average (200)||11981.39||Buy|
|Simple Moving Average (200)||11635.77||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||13319.2||Neutral|
|Volume Weighted Moving Average (20)||13414.03||Sell|
|Hull Moving Average (9)||13362.21||Sell|
In the recent few candles, the volume initially decreased with price decline which changed to an increase in volume with price decline. With the total volume in between 4.41k and 1.43k. The 20-candle moving average increased from 2.733k to 2.956k.
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