- BTC/USD at local maxima
- Price at time of publishing: $10460
- BTC’s market cap: $190 Billion
As predicted yesterday, the price has continued to move up. Price action shows that BTC saw steady growth throughout the day. The move looks strong and some oscillators switch back to neutral.
- Overall Strong bullish trend.
- Moving averages are unanimously pointing up. Price should only move up now ?
- Oscillators are mixed. Looks like the large rise will see minor corrections today before the upward movement continues
All Moving averages are up. There could not be a stronger signal of upmove.
|Exponential Moving Average (5)||10230.64||Buy|
|Simple Moving Average (5)||10222.23||Buy|
|Exponential Moving Average (10)||9989.99||Buy|
|Simple Moving Average (10)||9938.41||Buy|
|Exponential Moving Average (20)||9611.2||Buy|
|Simple Moving Average (20)||9534.35||Buy|
|Exponential Moving Average (30)||9312.72||Buy|
|Simple Moving Average (30)||9251.65||Buy|
|Exponential Moving Average (50)||8914.58||Buy|
|Simple Moving Average (50)||8606.51||Buy|
|Exponential Moving Average (100)||8596.42||Buy|
|Simple Moving Average (100)||8150.36||Buy|
|Exponential Moving Average (200)||8452.38||Buy|
|Simple Moving Average (200)||8869.82||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||9356.91||Neutral|
|Volume Weighted Moving Average (20)||9625.38||Buy|
|Hull Moving Average (9)||10420.77||Buy|
Oscillators are uncertain about the future. Most are neutral. However some have moved from sell to neutral indicating that we might still see some choppiness and correction RSI is pointing down.
|Relative Strength Index (14)||72.58||Sell|
|Stochastic %K (14, 3, 3)||93.08||Neutral|
|Commodity Channel Index (20)||140.07||Sell|
|Average Directional Index (14)||44.42||Neutral|
|MACD Level (12, 26)||482.15||Buy|
|Stochastic RSI Fast (3, 3, 14, 14)||79.43||Neutral|
|Williams Percent Range (14)||−1.92||Neutral|
|Bull Bear Power||1088.25||Neutral|
|Ultimate Oscillator (7, 14, 28)||65.38||Neutral|
We saw very steady growth throughout the day. You can see multiple spikes of activity in volume which points toward profit booking at different levels. We should see this continue today!
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