This #8 of daily price analysis on BTCUSD price provided by Mudrex. You can find the previous analysis here.
Summary
Market
- BTC/USD
- Price at time of publishing: $10106
- BTC’s market cap: $183 Billion
Trend analysis
BTC broke the $10K barrier for the first time in 5 months. The growth seems to be less and less driven by hype!
- Strong Bullish Trend
- Moving averages are unanimously pointing up ?
- Oscillators are more or less neutral. Markets will look to consolidate before this strong upmove continues.
Moving Averages
All Moving averages are pointing toward the fact that there is a strong upward trend. This is a continuation of the upward move we have been witnessing since the last few days. Ichimoku lines are back to neutral but not dipped to sell yet.
| Buy | Neutral | Sell |
| 16 | 1 | 0 |
| Name | Value | Action |
| Exponential Moving Average (5) | 9840.32 | Buy |
| Simple Moving Average (5) | 9842.06 | Buy |
| Exponential Moving Average (10) | 9620.01 | Buy |
| Simple Moving Average (10) | 9568.8 | Buy |
| Exponential Moving Average (20) | 9286.26 | Buy |
| Simple Moving Average (20) | 9193.88 | Buy |
| Exponential Moving Average (30) | 9021.66 | Buy |
| Simple Moving Average (30) | 8989.21 | Buy |
| Exponential Moving Average (50) | 8681.19 | Buy |
| Simple Moving Average (50) | 8372.04 | Buy |
| Exponential Moving Average (100) | 8458.22 | Buy |
| Simple Moving Average (100) | 8112.71 | Buy |
| Exponential Moving Average (200) | 8378.87 | Buy |
| Simple Moving Average (200) | 8858.6 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 9198.64 | Neutral |
| Volume Weighted Moving Average (20) | 9204.88 | Buy |
| Hull Moving Average (9) | 10074.24 | Buy |
Oscillators
Oscillators are more-or-less neutral. This might indicate that peak growth has happened and we might see some recovery over the next few days. It would be interesting to see how they change!
| Buy | Neutral | Sell |
| 3 | 6 | 2 |
| Name | Value | Action |
| Relative Strength Index : RSI (14) | 73.66 | Sell |
| Stochastic %K (14, 3, 3) | 96.8 | Neutral |
| Commodity Channel Index: CCI (20) | 138.87 | Neutral |
| Average Directional Index: ADX (14) | 43.1 | Neutral |
| Awesome Oscillator | 918.84 | Buy |
| Momentum (10) | 606.71 | Buy |
| MACD Level (12, 26) | 426.37 | Buy |
| Stochastic RSI Fast (3, 3, 14, 14) | 99.01 | Neutral |
| Williams Percent Range (14) | −4.13 | Sell |
| Bull Bear Power | 1033.75 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 62.59 | Neutral |
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