This is #26 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 indicator values are calculated using 1 day candles.
You can find price analysis from previous days here.
Summary
Market
- As predicted, BTC price moved sideways yesterday
- Price at time of publishing: $8,850
- BTC’s market cap: $161 Billion
Trend analysis
1D chart has been mostly flat over the last few days. Price is still below most >10 days & <90 days MAs. The momentum is neutral, indicating indecisiveness in the market and there is no clear direction where the price will move today or coming days.
- Neutral / Choppy today
- ‘Moving average‘ indicators are indicating a downtrend. Price is now above 200-dMA
- ‘Oscillator‘ indicators are mixed, mostly all neutral, with no clear direction. MACD continues to predict downward momentum
Moving Average Indicators
Price has been confined in $8,950 – $8,450 range over last couple of days. The MAs are still biased towards a sell signal. Hull MA (9) indicator is signaling a buy opportunity.
Definition:- Moving Average indicators are lagging indicators which help 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.
| Buy | Neutral | Sell |
| 6 | 1 | 10 |
| Name | Value | Action |
|---|---|---|
| Exponential Moving Average (5) | 8803.87 | Buy |
| Simple Moving Average (5) | 8697.23 | Buy |
| Exponential Moving Average (10) | 8975.27 | Sell |
| Simple Moving Average (10) | 9003.06 | Sell |
| Exponential Moving Average (20) | 9209.45 | Sell |
| Simple Moving Average (20) | 9448.27 | Sell |
| Exponential Moving Average (30) | 9245.80 | Sell |
| Simple Moving Average (30) | 9572.25 | Sell |
| Exponential Moving Average (50) | 9113.65 | Sell |
| Simple Moving Average (50) | 9297.63 | Sell |
| Exponential Moving Average (100) | 8832.01 | Sell |
| Simple Moving Average (100) | 8344.92 | Buy |
| Exponential Moving Average (200) | 8610.88 | Buy |
| Simple Moving Average (200) | 8729.38 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 9463.61 | Neutral |
| Volume Weighted Moving Average (20) | 9471.61 | Sell |
| Hull Moving Average (9) | 8618.56 | Buy |
Oscillator indicators
Oscillators are mostly neutral, clearly indicating choppy and sideways price movement today.
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.
| Buy | Neutral | Sell |
| 1 | 9 | 1 |
| Name | Value | Action |
|---|---|---|
| Relative Strength Index (14) | 41.97 | Neutral |
| Stochastic %K (14, 3, 3) | 18.00 | Neutral |
| Commodity Channel Index (20) | −81.23 | Neutral |
| Average Directional Index (14) | 25.14 | Neutral |
| Awesome Oscillator | −843.35 | Neutral |
| Momentum (10) | −860.83 | Buy |
| MACD Level (12, 26) | −204.99 | Sell |
| Stochastic RSI Fast (3, 3, 14, 14) | 21.34 | Neutral |
| Williams Percent Range (14) | −78.69 | Neutral |
| Bull Bear Power | −484.28 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 46.33 | Neutral |
Price Action
BTC/USD price movement has mostly been sideways in last couple of day. Also, there are not been a case of sudden change in volume.
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