This is 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.
Analysis Summary
Market in last 24 hrs
As predicted in the previous analysis, BTCUSD price moved up. Market moved ~6%, between $8.7k and $9.2k
Today’s Trend analysis
Price expected to move up today. Most of the Oscillator indicators are neutral. MACD histogram continues to be in positive zone. RSI and CCI are trending up, currently at 57 and 150, indicating that bulls are gaining strength and are in control. Interesting point to note is that the price is now at the upper Bollinger Band, hence price is not expected to move up drastically.
- Weak uptrend today
- Price at time of publishing: $9,145
- BTC’s market cap: $169 Billion
- ‘Oscillator‘ indicators are mostly neutral. RSI at 57
- ‘Moving average‘ indicators are indicating an uptrend. Ichimoku Cloud is neutral
Oscillator indicators
Most of the oscillators are neutral and some more have now flipped to indicate the same. Upward momentum has built up and as predicted yesterday, we saw a trend reversal. Price is expected to move up slightly.
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. RSI is above 50 and MACD is pointing towards a buy opportunity.
| Buy | Neutral | Sell |
| 1 | 9 | 1 |
| Name | Value | Action |
|---|---|---|
| Relative Strength Index (14) | 58.95 | Neutral |
| Stochastic %K (14, 3, 3) | 79.67 | Neutral |
| Commodity Channel Index (20) | 170.66 | Neutral |
| Average Directional Index (14) | 30.71 | Neutral |
| Awesome Oscillator | −61.59 | Neutral |
| Momentum (10) | 284.05 | Sell |
| MACD Level (12, 26) | −42.12 | Buy |
| Stochastic RSI Fast (3, 3, 14, 14) | 95.10 | Neutral |
| Williams Percent Range (14) | −7.62 | Neutral |
| Bull Bear Power | 451.80 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 55.30 | Neutral |
Moving Average Indicators
Most moving average (MA) indicator are pointing towards an uptrend. Ichimoku Cloud is neutral and Hull MA is indicating a buying 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 |
| 15 | 1 | 1 |
| Name | Value | Action |
|---|---|---|
| Exponential Moving Average (5) | 9023.17 | Buy |
| Simple Moving Average (5) | 8971.22 | Buy |
| Exponential Moving Average (10) | 8957.40 | Buy |
| Simple Moving Average (10) | 8909.84 | Buy |
| Exponential Moving Average (20) | 8964.40 | Buy |
| Simple Moving Average (20) | 8900.61 | Buy |
| Exponential Moving Average (30) | 9013.04 | Buy |
| Simple Moving Average (30) | 9004.13 | Buy |
| Exponential Moving Average (50) | 9097.56 | Buy |
| Simple Moving Average (50) | 9171.58 | Buy |
| Exponential Moving Average (100) | 9119.05 | Buy |
| Simple Moving Average (100) | 9244.76 | Sell |
| Exponential Moving Average (200) | 8829.19 | Buy |
| Simple Moving Average (200) | 8948.76 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 8970.46 | Neutral |
| Volume Weighted Moving Average (20) | 8904.09 | Buy |
| Hull Moving Average (9) | 9079.11 | Buy |
Trade volume
We did observe a slight increase in trade volume in last 24 hours. Uptrend is expected to continue.
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