This is BTCUSD daily price analysis, provided by Mudrex (automated crypto investing platform). This analysis is based on signals from 26 technical indicators, out of which 15 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 the blog here and on Tradingview here.
Analysis Summary
Market in the last 24hrs
- BTCUSD witnessed a roller coaster ride. There was a sharp rise, then a retracement, followed by a rally.
Today’s Trend analysis
- BTCUSD seems to have a strong momentum. Volume has also shot up.
- However, the increasing channels of the Bollinger Bands suggest increased volatility.
- Price volatility remained high at approximately 6%, with the day’s range between $36,254.00 – $38446.24.
- Price at the time of publishing: $37849.42
- BTC’s market cap: $707.14 Billion
- Oscillator indicators are mostly neutral.
- 11 Moving average indicators are suggesting an uptrend.
Price expected to see a slight uptrend. Volatility will likely remain high in the smaller timeframe. The momentum is high right now, and the Bitcoin price could quickly fluctuate. In the next 24 hours, we could witness some consolidation, if the market does not experience much external influence. Most of the Oscillator indicators are neutral. MACD histogram size is increasing in the positive region suggesting a bullish bias. RSI is steadily inching towards the overbought region. The volume candle has also witnessed a small spike.
BTCUSD 4hr price chart via tradingview
Oscillator indicators
Most of the oscillators are neutral. CCI is at around 111, 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.
| Sell | Neutral | Buy |
| 2 | 8 | 1 |
| Name | Value | Action |
| Relative Strength Index (14) | 63.07 | Neutral |
| Stochastic %K (14, 3, 3) | 89.93 | Sell |
| Commodity Channel Index (20) | 111.98 | Neutral |
| Average Directional Index (14) | 27.51 | Neutral |
| Awesome Oscillator | 1496.53 | Neutral |
| Momentum (10) | 4836.39 | Sell |
| MACD Level (12, 26) | 341.69 | Buy |
| Stochastic RSI Fast (3, 3, 14, 14) | 95.08 | Neutral |
| Williams Percent Range (14) | −9.39 | Neutral |
| Bull Bear Power | 2942.55 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 67.16 | Neutral |
Moving Average Indicators
Moving average (MA) indicators are indicating an uptrend.
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 |
| 3 | 1 | 11 |
| Name | Value | Action |
| Exponential Moving Average (10) | 36146.04 | Buy |
| Simple Moving Average (10) | 35726.89 | Buy |
| Exponential Moving Average (20) | 35631.13 | Buy |
| Simple Moving Average (20) | 34935.50 | Buy |
| Exponential Moving Average (30) | 35637.39 | Buy |
| Simple Moving Average (30) | 35284.25 | Buy |
| Exponential Moving Average (50) | 35923.05 | Buy |
| Simple Moving Average (50) | 36215.09 | Buy |
| Exponential Moving Average (100) | 37313.88 | Buy |
| Simple Moving Average (100) | 36658.67 | Buy |
| Exponential Moving Average (200) | 40996.04 | Sell |
| Simple Moving Average (200) | 41775.81 | Sell |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 34735.62 | Neutral |
| Volume Weighted Moving Average (20) | 34669.54 | Buy |
| Hull Moving Average (9) | 37880.34 | Sell |
Trade volume
In the recent few candles, the traded volume observed a similar value with a sudden spike in the recent candles, making the total volume 2.99k.
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