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 our blog and on Tradingview.
Summary
Market
- BTC/USD
- Price at time of publishing: $9780
- BTC’s market cap: $177 Billion
Trend analysis
BTC dips below $10k once again at the rally continues to weaken. Continuation of the consolidation phase we have been seeing for the last few days.
- BTC dipped gradually through the day as we see quite a bit of profit being taken. Consolidation is 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
Moving Averages
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.
| Buy | Neutral | Sell |
| 13 | 1 | 3 |
| Name | Value | Action |
| 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
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.
| Buy | Neutral | Sell |
| 3 | 4 | 4 |
| 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 |
| Awesome Oscillator | 931.24 | Neutral |
| Momentum (10) | 399.4 | Buy |
| 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 |
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