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 moved sideways as Bollinger Band squeezes
- Price volatility was high. Market moved ~4.67%, between $11.35k and $10.84k
Today’s Trend analysis
- BTCUSD expected to see a continued uptrend
- Price at time of publishing: $11,179
- BTC’s market cap: $205 Billion
- Oscillator indicators are mostly neutral. RSI at 64
- Moving average indicators are biased towards uptrend. Ichimoku Cloud is neutral
- Volume indicators are indicating a low volatility ahead as volume decreases.
Price expected to see a continued uptrend as higher lows have been observed. Most of the Oscillator indicators are neutral. MACD histogram is negative, size decreasing in the negative region. RSI at 64, trending downwards, still above midline indicating bullish signal. CCI is around 89, and still in neutral region increasing from last few candles. Another interesting point to notice here is that the Bollinger Band has squeezed indicating low volatility as volume is still below 20-candle moving average.
Oscillator indicators
Most of the oscillators are neutral. CCI is around 89, still in the neutral region. RSI above midline around 64 trending down as shown by the trendline.
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.
| Sell | Neutral | Buy |
| 1 | 9 | 1 |
| Name | Value | Action |
|---|---|---|
| Relative Strength Index (14) | 64.07 | Neutral |
| Stochastic %K (14, 3, 3) | 49.87 | Neutral |
| Commodity Channel Index (20) | 73.35 | Neutral |
| Average Directional Index (14) | 51.92 | Neutral |
| Awesome Oscillator | 414.83 | Neutral |
| Momentum (10) | −66.02 | Buy |
| MACD Level (12, 26) | 206.40 | Sell |
| Stochastic RSI Fast (3, 3, 14, 14) | 19.31 | Neutral |
| Williams Percent Range (14) | −40.82 | Neutral |
| Bull Bear Power | 228.22 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 55.16 | Neutral |
Moving Average Indicators
Moving average (MA) indicators are biased 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.
| Sell | Neutral | Buy |
| 0 | 1 | 16 |
| Name | Value | Action |
|---|---|---|
| Exponential Moving Average (5) | 11100.33 | Buy |
| Simple Moving Average (5) | 11106.02 | Buy |
| Exponential Moving Average (10) | 11068.15 | Buy |
| Simple Moving Average (10) | 11053.01 | Buy |
| Exponential Moving Average (20) | 10943.58 | Buy |
| Simple Moving Average (20) | 11050.82 | Buy |
| Exponential Moving Average (30) | 10777.06 | Buy |
| Simple Moving Average (30) | 10821.61 | Buy |
| Exponential Moving Average (50) | 10480.93 | Buy |
| Simple Moving Average (50) | 10337.78 | Buy |
| Exponential Moving Average (100) | 10045.43 | Buy |
| Simple Moving Average (100) | 9775.83 | Buy |
| Exponential Moving Average (200) | 9709.52 | Buy |
| Simple Moving Average (200) | 9485.76 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 10773.56 | Neutral |
| Volume Weighted Moving Average (20) | 11058.54 | Buy |
| Hull Moving Average (9) | 11128.31 | Buy |
Trade volume
In recent few candles, the volume is decreasing from 2.3 to 1.08 which is less than the 20 candle moving average which has also decreased from 4.1 to 2.78 indicating low volatility ahead.
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