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 slight uptrend with the price moving in the upper half of the Bollinger band
- Price volatility was high. The market moved ~6.13%, between $18.421k and $17.356k
Today’s Trend analysis
- BTCUSD expected to see a sideways movement as the price is moving between the upper band and midline
- Price at time of publishing: $18,278
- BTC’s market cap: $339 Billion
- Oscillator indicators are mostly neutral. RSI at 68
- Moving average indicators are indicating an uptrend Ichimoku Cloud is neutral
- Volume indicators observed an increase in volume as the price increased while the volume decreased with a decline in price
Price expected to see a sideways movement as the price is moving between the upper band and midline. Most of the Oscillator indicators are neutral. MACD line approaching the signal line from below, with the histogram size decreasing in the negative region suggesting bearish bias. RSI at 68, in the neutral region above the midline. CCI at around 126, in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed an increase in volume as the price increased while the volume decreased with a decline in price indicating a strong buying pressure.
Most of the oscillators are neutral. CCI at 125 in the overbought region. RSI with a value of around 68 in the neutral region above the midline.
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)||68.16||Neutral|
|Stochastic %K (14, 3, 3)||78.73||Neutral|
|Commodity Channel Index (20)||125.96||Neutral|
|Average Directional Index (14)||20.08||Neutral|
|MACD Level (12, 26)||403.51||Sell|
|Stochastic RSI Fast (3, 3, 14, 14)||24.5||Neutral|
|Williams Percent Range (14)||−10.43||Neutral|
|Bull Bear Power||683.71||Neutral|
|Ultimate Oscillator (7, 14, 28)||65.7||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)||18122.5||Buy|
|Simple Moving Average (5)||18066.06||Buy|
|Exponential Moving Average (10)||17987.66||Buy|
|Simple Moving Average (10)||17955.3||Buy|
|Exponential Moving Average (20)||17700.8||Buy|
|Simple Moving Average (20)||17801.23||Buy|
|Exponential Moving Average (30)||17423.22||Buy|
|Simple Moving Average (30)||17300.03||Buy|
|Exponential Moving Average (50)||16960.76||Buy|
|Simple Moving Average (50)||16821.88||Buy|
|Exponential Moving Average (100)||16076.15||Buy|
|Simple Moving Average (100)||15974.63||Buy|
|Exponential Moving Average (200)||14834.56||Buy|
|Simple Moving Average (200)||14484.03||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||17237.48||Neutral|
|Volume Weighted Moving Average (20)||17855.91||Buy|
|Hull Moving Average (9)||18190.62||Buy|
In the recent few candles, the volume saw an increase with price increase while the volume decreased with a decline in price. The total traded volume was between 3.5k and 1.69k. The 20-candle moving average saw an increase from 3.91k to 3.95k.
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