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
- BTCUSD price saw an uptrend
- Price volatility was high. Market moved ~4%, between $8.9k and $9.24k
Today’s Trend analysis
- Downtrend today
- Price at time of publishing: $9,205
- BTC’s market cap: $169 Billion
- Oscillator indicators are mostly neutral. RSI at 62
- Moving average indicators are mixed. Ichimoku Cloud is neutral
- Volume indicators are supporting an uptrend
Price expected to trend down today. Most of the Oscillator indicators are neutral. MACD line has crossed up 0 and MACD histogram is in positive zone. RSI and CCI, are trending up and are above their midpoints. CCI has entered overbought zone. On balance volume indicator is trending up. But interesting point to notice here is that price is now touching upper bollinger band and hence we expect the price to move down today.
Oscillator indicators
Most of the oscillators are neutral. CCI is trending up and is not in overbought zone.
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 | 8 | 1 |
| Name | Value | Action |
|---|---|---|
| Relative Strength Index (14) | 62.12 | Neutral |
| Stochastic %K (14, 3, 3) | 79.93 | Neutral |
| Commodity Channel Index (20) | 203.90 | Sell |
| Average Directional Index (14) | 24.66 | Neutral |
| Awesome Oscillator | −21.83 | Neutral |
| Momentum (10) | 74.49 | Buy |
| MACD Level (12, 26) | 0.88 | Buy |
| Stochastic RSI Fast (3, 3, 14, 14) | 89.58 | Neutral |
| Williams Percent Range (14) | −10.86 | Neutral |
| Bull Bear Power | 166.80 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 63.47 | Neutral |
Moving Average Indicators
Moving average (MA) indicator are mixed with short term MAs pointing towards and 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.
| Buy | Neutral | Sell |
| 12 | 1 | 4 |
| Name | Value | Action |
|---|---|---|
| Exponential Moving Average (5) | 9142.00 | Buy |
| Simple Moving Average (5) | 9118.27 | Buy |
| Exponential Moving Average (10) | 9115.29 | Buy |
| Simple Moving Average (10) | 9099.62 | Buy |
| Exponential Moving Average (20) | 9107.93 | Buy |
| Simple Moving Average (20) | 9093.87 | Buy |
| Exponential Moving Average (30) | 9113.35 | Buy |
| Simple Moving Average (30) | 9118.48 | Buy |
| Exponential Moving Average (50) | 9135.89 | Buy |
| Simple Moving Average (50) | 9120.72 | Buy |
| Exponential Moving Average (100) | 9204.76 | Sell |
| Simple Moving Average (100) | 9222.02 | Sell |
| Exponential Moving Average (200) | 9248.61 | Sell |
| Simple Moving Average (200) | 9386.99 | Sell |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 9082.50 | Neutral |
| Volume Weighted Moving Average (20) | 9100.24 | Buy |
| Hull Moving Average (9) | 9171.65 | Buy |
Trade volume
Trade volume on red candles has been lower than the trade volume on green candles in last 2, indicating that selling pressure is not very high low.
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