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 an upward movement with the price observing support at the lower Bollinger band
- Price volatility was high. The market moved ~6.62%, between $18.777k and $17.610k
Today’s Trend analysis
- BTCUSD expected to see a slight uptrend as the price observed lower band support and Bollinger band squeeze taking place
- Price at time of publishing: $18,629
- BTC’s market cap: $345 Billion
- Oscillator indicators are mostly neutral. RSI at 58
- 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 the price increase
Price expected to see a slight uptrend as the price observed lower band support and Bollinger band squeeze taking place. 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 58, in the neutral region above the midline. CCI at around 43, in the neutral region with a slight up move. 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 the price increase indicating a shift from sellers to buyers.
Oscillator indicators
Most of the oscillators are neutral. CCI at 43 in the neutral region. RSI with a value of around 58 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.
| Sell | Neutral | Buy |
| 2 | 8 | 1 |
| Name | Value | Action |
| Relative Strength Index (14) | 58.12 | Neutral |
| Stochastic %K (14, 3, 3) | 65.65 | Neutral |
| Commodity Channel Index (20) | 43.3 | Neutral |
| Average Directional Index (14) | 18.67 | Neutral |
| Awesome Oscillator | 255.82 | Buy |
| Momentum (10) | −50.00 | Sell |
| MACD Level (12, 26) | 195.23 | Sell |
| Stochastic RSI Fast (3, 3, 14, 14) | 41.01 | Neutral |
| Williams Percent Range (14) | −22.26 | Neutral |
| Bull Bear Power | 342.43 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 57.6 | 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) | 18497.36 | Buy |
| Simple Moving Average (5) | 18499.02 | Buy |
| Exponential Moving Average (10) | 18473.78 | Buy |
| Simple Moving Average (10) | 18449.92 | Buy |
| Exponential Moving Average (20) | 18373.92 | Buy |
| Simple Moving Average (20) | 18521.67 | Buy |
| Exponential Moving Average (30) | 18188.93 | Buy |
| Simple Moving Average (30) | 18299.79 | Buy |
| Exponential Moving Average (50) | 17766.12 | Buy |
| Simple Moving Average (50) | 17697.75 | Buy |
| Exponential Moving Average (100) | 16820.66 | Buy |
| Simple Moving Average (100) | 16667.06 | Buy |
| Exponential Moving Average (200) | 15445.52 | Buy |
| Simple Moving Average (200) | 15102.34 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 18161.81 | Neutral |
| Volume Weighted Moving Average (20) | 18483.88 | Buy |
| Hull Moving Average (9) | 18525.3 | Buy |
Trade volume
In the recent few candles, the volume saw an increase with price decline which changed to volume increase with an increase in price. The total traded volume is between 1.3k and 4.23k. The 20-candle moving average saw a decline from 2.7k to 2.6k.
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