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.

BTCUSD 4hr price chart via tradingview

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.

SellNeutralBuy
281
NameValueAction
Relative Strength Index (14)58.12Neutral
Stochastic %K (14, 3, 3)65.65Neutral
Commodity Channel Index (20)43.3Neutral
Average Directional Index (14)18.67Neutral
Awesome Oscillator255.82Buy
Momentum (10)−50.00Sell
MACD Level (12, 26)195.23Sell
Stochastic RSI Fast (3, 3, 14, 14)41.01Neutral
Williams Percent Range (14)−22.26Neutral
Bull Bear Power342.43Neutral
Ultimate Oscillator (7, 14, 28)57.6Neutral

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.

SellNeutralBuy
0116

MOVING AVERAGES

NameValueAction
Exponential Moving Average (5)18497.36Buy
Simple Moving Average (5)18499.02Buy
Exponential Moving Average (10)18473.78Buy
Simple Moving Average (10)18449.92Buy
Exponential Moving Average (20)18373.92Buy
Simple Moving Average (20)18521.67Buy
Exponential Moving Average (30)18188.93Buy
Simple Moving Average (30)18299.79Buy
Exponential Moving Average (50)17766.12Buy
Simple Moving Average (50)17697.75Buy
Exponential Moving Average (100)16820.66Buy
Simple Moving Average (100)16667.06Buy
Exponential Moving Average (200)15445.52Buy
Simple Moving Average (200)15102.34Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)18161.81Neutral
Volume Weighted Moving Average (20)18483.88Buy
Hull Moving Average (9)18525.3Buy

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.


About Mudrex

Mudrex platform helps traders build no-code Algo trading bots using Technical analysis based indicators.

Mudrex Invest is a collection of reviewed and verified funds created by professional traders on Mudrex. Traders create these funds using their trading bots. Individual investors can invest in them for a monthly fee and gain the benefits of passive investing!
Signup today: https://mudrex.com/