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.
Analysis Summary
Market in last 24hrs
- As predicted in the previous analysis, BTCUSD price moved up
- Price volatility was low. Market moved ~2%, between $9.27k and $9.44k
Today’s Trend analysis
- Uptrend today
- Price at time of publishing: $9,410
- BTC’s market cap: $173 Billion
- ‘Oscillator‘ indicators are neutral. RSI at 55
- ‘Moving average‘ indicators are indicating an uptrend. Ichimoku Cloud is neutral
Price expected to trend up today. Most of the Oscillator indicators are neutral. MACD line is trending up and has crossed up 0. MACD histogram is in positive zone. RSI is trending almost flat, moving slightly above its midpoint 50. CCI, the more reactive oscillator, has crossed up 100, indicating the bulls are have gained strength. Another interesting point to notice is that on balance volume indicator, which is a leading indicator, is trending up. All factors indicating that bulls are getting stronger. Overall, price is expected to move up today.
Oscillator indicators
Most of the oscillators are neutral. CCI is trending up and crossed up 100.
Definition:- Oscillator indicators are based on 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.
| Buy | Neutral | Sell |
| 2 | 7 | 2 |
| Name | Value | Action |
|---|---|---|
| Relative Strength Index (14) | 55.13 | Neutral |
| Stochastic %K (14, 3, 3) | 87.81 | Neutral |
| Commodity Channel Index (20) | 134.15 | Sell |
| Average Directional Index (14) | 30.61 | Neutral |
| Awesome Oscillator | −5.79 | Neutral |
| Momentum (10) | 126.38 | Buy |
| MACD Level (12, 26) | 0.22 | Buy |
| Stochastic RSI Fast (3, 3, 14, 14) | 99.97 | Neutral |
| Williams Percent Range (14) | −12.02 | Sell |
| Bull Bear Power | 133.10 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 59.31 | Neutral |
Moving Average Indicators
Moving average (MA) indicator 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.
| Buy | Neutral | Sell |
| 13 | 1 | 3 |
| Name | Value | Action |
|---|---|---|
| Exponential Moving Average (5) | 9385.12 | Buy |
| Simple Moving Average (5) | 9366.95 | Buy |
| Exponential Moving Average (10) | 9366.19 | Buy |
| Simple Moving Average (10) | 9364.83 | Buy |
| Exponential Moving Average (20) | 9359.11 | Buy |
| Simple Moving Average (20) | 9338.68 | Buy |
| Exponential Moving Average (30) | 9366.03 | Buy |
| Simple Moving Average (30) | 9353.37 | Buy |
| Exponential Moving Average (50) | 9391.51 | Buy |
| Simple Moving Average (50) | 9371.77 | Buy |
| Exponential Moving Average (100) | 9431.88 | Sell |
| Simple Moving Average (100) | 9496.23 | Sell |
| Exponential Moving Average (200) | 9347.59 | Buy |
| Simple Moving Average (200) | 9432.00 | Sell |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 9308.34 | Neutral |
| Volume Weighted Moving Average (20) | 9338.78 | Buy |
| Hull Moving Average (9) | 9392.62 | Buy |
Trade volume
Trade volume on red candles has been lower than average since last 2 days, indicating that selling pressure is low.
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