- Price at time of publishing: $9780
- BTC’s market cap: $177 Billion
BTC dips below $10k once again at the rally continues to weaken. Continuation of the consolidation phase we have been seeing since the last few days.
- BTC dipped gradually through the day as we see quite a bit of profit being taken. Consolidation in full swing. Markets will remain choppy.
- Short term MAs are flipping. Long term Moving averages are still unanimously pointing up ?.
- Oscillators are back to neutral. Clear signs of uncertainty and consolidation the movement weakens
All Moving averages are pointing toward the fact that there is a strong upward trend. There are some signs that this will flip. The Hull Moving Average which is a reactive MA in short term has just flipped from Buy to Sell. This indicates that there might be some short term reversal.
|Exponential Moving Average (5)||9834.09||Sell|
|Simple Moving Average (5)||9907.6||Sell|
|Exponential Moving Average (10)||9692.6||Buy|
|Simple Moving Average (10)||9668.09||Buy|
|Exponential Moving Average (20)||9387.72||Buy|
|Simple Moving Average (20)||9310.04||Buy|
|Exponential Moving Average (30)||9124.8||Buy|
|Simple Moving Average (30)||9106.13||Buy|
|Exponential Moving Average (50)||8771.02||Buy|
|Simple Moving Average (50)||8469.53||Buy|
|Exponential Moving Average (100)||8512.82||Buy|
|Simple Moving Average (100)||8124.67||Buy|
|Exponential Moving Average (200)||8408.03||Buy|
|Simple Moving Average (200)||8858.31||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||9213.18||Neutral|
|Volume Weighted Moving Average (20)||9320.4||Buy|
|Hull Moving Average (9)||10056.65||Sell|
Oscillators are uncertain about the future. CCI and Stoch have both moved back to Neutral. MACD is still in the buy zone but strength has been reducing. Clear consolidation on the cards. Markets will remain choppy before the next move.
|Relative Strength Index (14)||63.04||Neutral|
|Stochastic %K (14, 3, 3)||78.8||Neutral|
|Commodity Channel Index (20)||76||Neutral|
|Average Directional Index (14)||43.07||Neutral|
|MACD Level (12, 26)||406.55||Buy|
|Stochastic RSI Fast (3, 3, 14, 14)||51.9||Neutral|
|Williams Percent Range (14)||−37.50||Neutral|
|Bull Bear Power||382.16||Neutral|
|Ultimate Oscillator (7, 14, 28)||63.08||Neutral|
Mudrex platform helps traders build algo trading bots using Technical analysis based indicators. Mudrex Marketplace is collection of reviewed and verified funds created by the best traders on Mudrex. Traders create these funds using their trading bots. Individual investors can invest in in them for a monthly fee and gain the benefits of passive investing! Signup today: https://mudrex.com/