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 consolidation after the price declined to reach the lower band
- Price volatility was high. The market moved ~5.58%, between $19100k and $18061k
Today’s Trend analysis
- BTCUSD expected to see a breakout as the price observed lower band support with a gap up expected
- Price at time of publishing: $18,962
- BTC’s market cap: $350 Billion
- Oscillator indicators are mostly neutral. RSI at 62
- Moving average indicators are indicating an uptrend Ichimoku Cloud is neutral
- Volume indicators observed an increase in volume with price increase while a decrease in volume was observed with the decline in price
Price expected to see a breakout as the price observed lower band support with a gap up expected. 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 62, in the neutral region above the midline. CCI at around 146, in the overbought region indicating a downtrend soon. Another interesting point to notice here is that the volume observed an increase in volume with price increase while a decrease in volume was observed with the decline in price indicating a strong buying pressure.
Most of the oscillators are neutral. CCI at 182 in the overbought region. RSI with a value of around 62 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)||62.76||Neutral|
|Stochastic %K (14, 3, 3)||73.81||Neutral|
|Commodity Channel Index (20)||182.34||Neutral|
|Average Directional Index (14)||18.15||Neutral|
|MACD Level (12, 26)||147.25||Sell|
|Stochastic RSI Fast (3, 3, 14, 14)||59.46||Neutral|
|Williams Percent Range (14)||−10.24||Neutral|
|Bull Bear Power||520.02||Buy|
|Ultimate Oscillator (7, 14, 28)||58.31||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)||18583.36||Buy|
|Simple Moving Average (5)||18513.98||Buy|
|Exponential Moving Average (10)||18511.12||Buy|
|Simple Moving Average (10)||18470.09||Buy|
|Exponential Moving Average (20)||18428.92||Buy|
|Simple Moving Average (20)||18501.14||Buy|
|Exponential Moving Average (30)||18286.75||Buy|
|Simple Moving Average (30)||18435||Buy|
|Exponential Moving Average (50)||17917.93||Buy|
|Simple Moving Average (50)||17994.9||Buy|
|Exponential Moving Average (100)||17007.35||Buy|
|Simple Moving Average (100)||16853.44||Buy|
|Exponential Moving Average (200)||15621.57||Buy|
|Simple Moving Average (200)||15278.67||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||18354.5||Neutral|
|Volume Weighted Moving Average (20)||18488.43||Buy|
|Hull Moving Average (9)||18539.43||Buy|
In the recent few candles, the volume saw an increase with the price increase while the volume saw a decrease in value as the price declined. The total traded volume is between 1.37k and 5.44k. The 20-candle moving average saw a decline from 2.61k to 2.58k.
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/