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 an uptrend followed by rejection from the upper band
- Price volatility was high. The market moved ~5.95%, between $14.08k and $13.29k
Today’s Trend analysis
- BTCUSD expected to see a downtrend as the price after getting upper band rejection saw a downtrend expecting it to continue
- Price at time of publishing: $13,753
- BTC’s market cap: $254 Billion
- Oscillator indicators are mostly neutral. RSI at 54
- Moving average indicators are indicating an uptrend Ichimoku Cloud is neutral
- Volume indicators observed increase in value for blue candles while remained the same or decreased for a red candle
Price expected to see a downtrend as the price after getting upper band rejection saw a downtrend expecting it to continue. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line, with the histogram size increasing in the positive region suggesting bullish bias. RSI at 54, in the neutral region below the midline. CCI at around 46, in the neutral region with a pullback from overbought. Another interesting point to notice here is that the volume observed increase in value for blue candles while remained the same or decreased for a red candle indicating relatively strong buying pressure.
Most of the oscillators are neutral. CCI at 45 in the neutral region. RSI with a value of around 54 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)||54.35||Neutral|
|Stochastic %K (14, 3, 3)||80.15||Sell|
|Commodity Channel Index (20)||45.08||Neutral|
|Average Directional Index (14)||20.73||Neutral|
|MACD Level (12, 26)||71.3||Buy|
|Stochastic RSI Fast (3, 3, 14, 14)||75.72||Neutral|
|Williams Percent Range (14)||−35.75||Neutral|
|Bull Bear Power||251.98||Neutral|
|Ultimate Oscillator (7, 14, 28)||62.04||Neutral|
Moving Average Indicators
Moving average (MA) indicators are indicating an uptrend. 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)||13803.67||Sell|
|Simple Moving Average (5)||13836.37||Sell|
|Exponential Moving Average (10)||13738.85||Buy|
|Simple Moving Average (10)||13670.06||Buy|
|Exponential Moving Average (20)||13682.44||Buy|
|Simple Moving Average (20)||13684.23||Buy|
|Exponential Moving Average (30)||13630.49||Buy|
|Simple Moving Average (30)||13674.37||Buy|
|Exponential Moving Average (50)||13489.97||Buy|
|Simple Moving Average (50)||13557.67||Buy|
|Exponential Moving Average (100)||13060.11||Buy|
|Simple Moving Average (100)||13067.4||Buy|
|Exponential Moving Average (200)||12411.22||Buy|
|Simple Moving Average (200)||12060.63||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||13660||Neutral|
|Volume Weighted Moving Average (20)||13674.21||Buy|
|Hull Moving Average (9)||14000.04||Sell|
In the recent few candles, the volume saw an increase from 1k to 3.418k for blue candles while remained the same followed by decreasing to 1.35k for red candles. The 20-candle moving average saw a slight increase from 1.69k to 1.86k.
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