This is #15 of BTC/USD daily price analysis, provided by Mudrex. You can find the previous analysis here.
Summary
Market
- BTC/USD price has been been flat after the correction on 15th Feb, and now is mostly consolidated between $9,950-$9,750 level
- Price at time of publishing: $9,819
- BTC’s market cap: $179 Billion
Trend analysis
Bitcoin price is now in correction zone. With many indicators now swinging to ‘sell’ and ‘neutral’ side, there is indecisiveness in the market and price is expected to continue the choppy behavior it has shown over the last couple of days.
- Neutral and choppy
- Short term ‘Moving average‘ indicators have flipped to sell side
- ‘Oscillator‘ indicators are neutral. All signaling a choppy uncertain day
Moving Average Indicators
The moving averages are indicating a mixed outlook, with short term ones indicating a sell opportunity, whereas loner term averages indicating a buy opportunity.
| Buy | Neutral | Sell |
| 10 | 1 | 6 |
| Name | Value | Action |
| Exponential Moving Average (5) | 9982.51 | Sell |
| Simple Moving Average (5) | 10057.05 | Sell |
| Exponential Moving Average (10) | 9962.59 | Sell |
| Simple Moving Average (10) | 10084.85 | Sell |
| Exponential Moving Average (20) | 9722.6 | Buy |
| Simple Moving Average (20) | 9764.86 | Buy |
| Exponential Moving Average (30) | 9462.28 | Buy |
| Simple Moving Average (30) | 9401.25 | Buy |
| Exponential Moving Average (50) | 9068.21 | Buy |
| Simple Moving Average (50) | 8820.44 | Buy |
| Exponential Moving Average (100) | 8700.86 | Buy |
| Simple Moving Average (100) | 8187.31 | Buy |
| Exponential Moving Average (200) | 8511.32 | Buy |
| Simple Moving Average (200) | 8870.98 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 9371.78 | Neutral |
| Volume Weighted Moving Average (20) | 9854.09 | Sell |
| Hull Moving Average (9) | 9914.79 | Sell |
Oscillator indicators
Oscillators are uncertain about the future price with most indicators pointing a neutral trend now. Overall, price is expected to continue in the same range for sometime.
| Buy | Neutral | Sell |
| 2 | 8 | 1 |
| Name | Value | Action |
| Relative Strength Index (14) | 56.23 | Neutral |
| Stochastic %K (14, 3, 3) | 56.3 | Neutral |
| Commodity Channel Index (20) | 13.35 | Neutral |
| Average Directional Index (14) | 36.68 | Neutral |
| Awesome Oscillator | 758.98 | Neutral |
| Momentum (10) | 13.02 | Buy |
| MACD Level (12, 26) | 360.79 | Sell |
| Stochastic RSI Fast (3, 3, 14, 14) | 1 | Neutral |
| Williams Percent Range (14) | −47.81 | Neutral |
| Bull Bear Power | −118.85 | Buy |
| Ultimate Oscillator (7, 14, 28) | 57.72 | Neutral |
Price Action
BTC/USD price action has been mostly neutral with movement in range $9,950-$9,750 in last couple of days.
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