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 with rejection from midline Bollinger Band
- Price volatility was high. Market moved ~3.25%, between $11.48k and $11.12k
Today’s Trend analysis
- BTCUSD expected to move sideways below bollinger mid-line
- Price at time of publishing: $11,246
- BTC’s market cap: $207 Billion
- Oscillator indicators are mostly neutral. RSI at 51
- Moving average indicators are also neutral. Ichimoku Cloud is neutral
- Volume indicators are indicating decreasing volumes in recent few candles.
Price expected to see a sideways movement as price got rejected from midline Bollinger Band. Most of the Oscillator indicators are neutral. MACD histogram is negative, size decreasing in the negative region indicating slowing downtrend. RSI at 49, around midline with a slight dowmove indicating a downtrend. CCI at -37, still in neutral region suggesting a sideways movement. Another interesting point to notice here is that there are lower highs observed suggesting less buying pressure.
Oscillator indicators
Most of the oscillators are neutral. CCI at -33, still in the neutral region. RSI still around midline around 49.
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 | 8 | 2 |
| Name | Value | Action |
|---|---|---|
| Relative Strength Index (14) | 51.06 | Neutral |
| Stochastic %K (14, 3, 3) | 46.82 | Neutral |
| Commodity Channel Index (20) | −33.71 | Neutral |
| Average Directional Index (14) | 28.29 | Neutral |
| Awesome Oscillator | 40.19 | Neutral |
| Momentum (10) | 78.75 | Buy |
| MACD Level (12, 26) | 36.03 | Sell |
| Stochastic RSI Fast (3, 3, 14, 14) | 28.87 | Neutral |
| Williams Percent Range (14) | −53.38 | Neutral |
| Bull Bear Power | −47.23 | Buy |
| Ultimate Oscillator (7, 14, 28) | 56.22 | Neutral |
Moving Average Indicators
Moving average (MA) indicators are neutral. Ichimoku Cloud is neutral and Hull MA is indicating a selling 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 |
| 8 | 1 | 8 |
| Name | Value | Action |
|---|---|---|
| Exponential Moving Average (5) | 11284.11 | Sell |
| Simple Moving Average (5) | 11298.68 | Sell |
| Exponential Moving Average (10) | 11290.12 | Sell |
| Simple Moving Average (10) | 11251.78 | Buy |
| Exponential Moving Average (20) | 11288.60 | Sell |
| Simple Moving Average (20) | 11391.34 | Sell |
| Exponential Moving Average (30) | 11227.76 | Buy |
| Simple Moving Average (30) | 11329.25 | Sell |
| Exponential Moving Average (50) | 11023.10 | Buy |
| Simple Moving Average (50) | 11158.56 | Buy |
| Exponential Moving Average (100) | 10551.86 | Buy |
| Simple Moving Average (100) | 10310.87 | Buy |
| Exponential Moving Average (200) | 10066.22 | Buy |
| Simple Moving Average (200) | 9755.02 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 11329.80 | Neutral |
| Volume Weighted Moving Average (20) | 11442.81 | Sell |
| Hull Moving Average (9) | 11284.66 | Sell |
Trade volume
In recent few candles, the volume decreased from 3.96k to 0.99k which also moved below the 20 candles moving average. There was a spike in volume observed when it got rejected from midline Bollinger Band.
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