This is #35 of 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 here.
Summary
Market
- As predicted yesterday, price continued consolidation under $6,000
- Price at time of publishing: $5,800
- BTC’s market cap: $101 Billion
Trend analysis
Price is now moving up, continuing the weak uptrend. Post the bloodbath on 13th March, price seems to be moving towards its highest value in last couple of days.
Note: Below analysis would hold true if we do not encounter sudden jump in trade volume.
- Weak bullish today
- ‘Moving average‘ indicators are mixed. Price is now close to EMA50
- ‘Oscillator‘ indicators are mostly neutral, with slight bias towards buy opportunity
Moving Average Indicators
Post the consolidating in last couple of days with the slight up-movement, most short term MAs indicating a buy 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.
| Buy | Neutral | Sell |
| 11 | 1 | 5 |
| Name | Value | Action |
|---|---|---|
| Exponential Moving Average (5) | 5582.60 | Buy |
| Simple Moving Average (5) | 5527.87 | Buy |
| Exponential Moving Average (10) | 5470.41 | Buy |
| Simple Moving Average (10) | 5409.11 | Buy |
| Exponential Moving Average (20) | 5415.22 | Buy |
| Simple Moving Average (20) | 5295.15 | Buy |
| Exponential Moving Average (30) | 5502.94 | Buy |
| Simple Moving Average (30) | 5277.28 | Buy |
| Exponential Moving Average (50) | 5855.07 | Sell |
| Simple Moving Average (50) | 5645.20 | Buy |
| Exponential Moving Average (100) | 6715.45 | Sell |
| Simple Moving Average (100) | 7122.32 | Sell |
| Exponential Moving Average (200) | 7644.35 | Sell |
| Simple Moving Average (200) | 8265.79 | Sell |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 5244.51 | Neutral |
| Volume Weighted Moving Average (20) | 5226.74 | Buy |
| Hull Moving Average (9) | 5656.78 | Buy |
Oscillator indicators
Most oscillators are neutral, indicating no particular strong momentum. This is also confirmed by the fact that we have seen the price consolidating in the last coupe of days.
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 |
| 2 | 8 | 1 |
| Name | Value | Action |
|---|---|---|
| Relative Strength Index (14) | 59.61 | Neutral |
| Stochastic %K (14, 3, 3) | 91.50 | Neutral |
| Commodity Channel Index (20) | 197.19 | Neutral |
| Average Directional Index (14) | 20.52 | Neutral |
| Awesome Oscillator | 186.15 | Buy |
| Momentum (10) | 481.58 | Sell |
| MACD Level (12, 26) | −10.15 | Buy |
| Stochastic RSI Fast (3, 3, 14, 14) | 100.00 | Neutral |
| Williams Percent Range (14) | −1.25 | Neutral |
| Bull Bear Power | 604.36 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 68.91 | Neutral |
Price Action
The price has been stable since yesterday, with no volume jumps.
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