Mudrex Price Analysis #23: Bitcoin (BTC/USD) – 27th Feb 2020

This is #23 of BTC/USD daily trend 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 remaining 11 are oscillators. These indicators values are calculated using 1 day candles.

You can find price analysis from previous days here.



  • BTC price breached $9,000 mark
  • Price at time of publishing: $8,800
  • BTC’s market cap: $161 Billion

Trend analysis

Bitcoin price trend has now confirmed a downtrend and is also supported by momentum, hence we can expect the price to move down further in coming days.

  • Downtrend expected ?
  • Moving average‘ indicators are indicating a downtrend. 100-dMA was breached. Price currently at 200-dMA
  • Oscillator‘ indicators are mostly neutral with strong bias toward sell side. MACD continues to predict downward momentum

Moving Average Indicators

MAs are signaling a downward movement. Bitcoin price has breached all major dMA marks.

Definition:- Moving Average indicators are lagging indicators which help us catch trends when they are beginning to take effective. Idea is to buy when the trend is moving up and sell when the trend is falling.

Exponential Moving Average (5)9148.48Sell
Simple Moving Average (5)9301.66Sell
Exponential Moving Average (10)9404.26Sell
Simple Moving Average (10)9528.28Sell
Exponential Moving Average (20)9530.45Sell
Simple Moving Average (20)9800.32Sell
Exponential Moving Average (30)9457.29Sell
Simple Moving Average (30)9681.84Sell
Exponential Moving Average (50)9203.35Sell
Simple Moving Average (50)9233.53Sell
Exponential Moving Average (100)8845.21Sell
Simple Moving Average (100)8281.93Buy
Exponential Moving Average (200)8606.03Buy
Simple Moving Average (200)8776.34Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)9518.60Neutral
Volume Weighted Moving Average (20)9805.91Sell
Hull Moving Average (9)8901.93Sell

Oscillator indicators

Many oscillators continue to indicate a neutral momentum, but the bias towards sell side is increasing and we can clearly imply a downward momentum.

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.

Relative Strength Index (14)37.98Neutral
Stochastic %K (14, 3, 3)8.99Neutral
Commodity Channel Index (20)−202.47Buy
Average Directional Index (14)23.50Neutral
Awesome Oscillator−202.81Sell
Momentum (10)−931.36Sell
MACD Level (12, 26)−39.12Sell
Stochastic RSI Fast (3, 3, 14, 14)0.00Neutral
Williams Percent Range (14)−86.51Buy
Bull Bear Power−1587.64Neutral
Ultimate Oscillator (7, 14, 28)46.19Neutral

Price Action

BTC/USD price continued to move down to touch ~$8,500 mark. We saw a spike a in trade volume on Bitmex where Bitcoin worth $150 million was sold in the market yesterday.

Downtrend expected to continue

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