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.
Market in the last 24hrs
- As predicted in the previous analysis, BTCUSD price moved up
- Price volatility was high. The market moved ~6.5%, between $9k and $9.6k
Today’s Trend analysis
- Sideways today
- Price at time of publishing: $9,520
- BTC’s market cap: $176 Billion
- ‘Oscillator‘ indicators are neutral. RSI at 55
- ‘Moving average‘ indicators are indicating an uptrend. Ichimoku Cloud is neutral
Price expected to trend sideways today. Most of the Oscillator indicators are neutral. MACD histogram is now in the positive zone and the MACD line is trending up, though still below 0. RSI is trending almost flat, moving slightly above its midpoint 50. CCI, the more reactive oscillator, has crossed down 0. Another interesting point to notice is that volume is now flat, indicating that yesterday’s uptrend is not strong now. All factors indicating that both bulls and bears are struggling. Overall, the price is expected to move sideways today.
Most of the oscillators are neutral. Price is expected to move sideways.
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. RSI is above 50 and MACD is pointing towards a buy opportunity.
|Relative Strength Index (14)||55.25||Neutral|
|Stochastic %K (14, 3, 3)||90.52||Sell|
|Commodity Channel Index (20)||97.90||Neutral|
|Average Directional Index (14)||29.26||Neutral|
|MACD Level (12, 26)||−15.93||Buy|
|Stochastic RSI Fast (3, 3, 14, 14)||91.87||Neutral|
|Williams Percent Range (14)||−11.26||Neutral|
|Bull Bear Power||188.22||Neutral|
|Ultimate Oscillator (7, 14, 28)||67.42||Neutral|
Moving Average Indicators
Moving average (MA) indicators are pointing towards 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)||9470.05||Buy|
|Simple Moving Average (5)||9489.90||Buy|
|Exponential Moving Average (10)||9419.06||Buy|
|Simple Moving Average (10)||9344.29||Buy|
|Exponential Moving Average (20)||9412.76||Buy|
|Simple Moving Average (20)||9382.78||Buy|
|Exponential Moving Average (30)||9438.40||Buy|
|Simple Moving Average (30)||9390.03||Buy|
|Exponential Moving Average (50)||9483.46||Buy|
|Simple Moving Average (50)||9538.53||Sell|
|Exponential Moving Average (100)||9498.92||Buy|
|Simple Moving Average (100)||9602.29||Sell|
|Exponential Moving Average (200)||9337.16||Buy|
|Simple Moving Average (200)||9471.62||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||9248.16||Neutral|
|Volume Weighted Moving Average (20)||9320.11||Buy|
|Hull Moving Average (9)||9604.80||Sell|
Trade volume has been higher than the average value for the last 2 days, both on negative and positive sides.
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