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.
Market in the last 24hrs
- BTCUSD price continued sideways movement
- Price volatility was low. The market moved ~1.5%, between $9.07k and $9.19k
Today’s Trend analysis
- Weak Uptrend today
- Price at time of publishing: $9,156
- BTC’s market cap: $168 Billion
- Oscillator indicators are mostly neutral with a bias towards upward momentum. RSI at 51
- Moving average indicators are mixed. Ichimoku Cloud is neutral
- Volume indicators are supporting an uptrend
Price is expected to trend up today. Most of the Oscillator indicators are neutral with a bias towards positive momentum. MACD line is trending up and is about to cross up 0 and MACD histogram is in the positive zone. RSI and CCI, are trending up and are above their midpoints. The Onn balance volume indicator, too, is trending up. All factors indicating that bulls are getting stronger. Overall, the price is expected to move up today.
Most of the oscillators are neutral with a bias towards the buy side. CCI is trending up and close to 100.
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 buying opportunity.
|Relative Strength Index (14)||50.18||Neutral|
|Stochastic %K (14, 3, 3)||55.47||Neutral|
|Commodity Channel Index (20)||53.51||Neutral|
|Average Directional Index (14)||22.60||Neutral|
|MACD Level (12, 26)||−8.47||Buy|
|Stochastic RSI Fast (3, 3, 14, 14)||51.63||Neutral|
|Williams Percent Range (14)||−40.47||Neutral|
|Bull Bear Power||51.24||Neutral|
|Ultimate Oscillator (7, 14, 28)||54.45||Neutral|
Moving Average Indicators
Moving average (MA) indicators are mixed with short term MAs pointing towards an uptrend and long-term MAs pointing towards a downtrend. 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)||9141.94||Buy|
|Simple Moving Average (5)||9138.12||Buy|
|Exponential Moving Average (10)||9139.13||Buy|
|Simple Moving Average (10)||9149.38||Sell|
|Exponential Moving Average (20)||9138.32||Buy|
|Simple Moving Average (20)||9123.34||Buy|
|Exponential Moving Average (30)||9153.31||Sell|
|Simple Moving Average (30)||9115.02||Buy|
|Exponential Moving Average (50)||9195.84||Sell|
|Simple Moving Average (50)||9215.09||Sell|
|Exponential Moving Average (100)||9279.51||Sell|
|Simple Moving Average (100)||9301.58||Sell|
|Exponential Moving Average (200)||9294.92||Sell|
|Simple Moving Average (200)||9458.26||Sell|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||9035.50||Neutral|
|Volume Weighted Moving Average (20)||9121.78||Buy|
|Hull Moving Average (9)||9133.85||Buy|
Trade volume on red candles has been slightly lower than average for the last 2 days, indicating that selling pressure is low.
Mudrex platform helps traders build no-code Algo trading bots using Technical analysis based indicators. Check out the Mudrex blog for more.
Mudrex Invest is a collection of reviewed and verified funds created by professional traders on Mudrex. Traders create these funds using their trading bots. Individual investors can invest in them for a monthly fee and gain the benefits of passive investing!