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 24hrs
- BTCUSD price consolidated
- Price volatility was low. Market moved ~2%, between $9.37k and $9.63k
Today’s Trend analysis
- Sideways/consolidation today
- Price at time of publishing: $9,570
- BTC’s market cap: $176 Billion
- ‘Oscillator‘ indicators are mostly neutral. RSI at 57
- ‘Moving average‘ indicators are indicating an uptrend. Ichimoku Cloud is neutral
Price expected to consolidate today. Most of the Oscillator indicators are neutral. MACD histogram continues to be in negative zone and MACD is trending down but RSI is now trending sideways and CCI is trending upward. RSI and CCI are currently at 57 and 54. All factors indicating that bulls and bears are struggling to gain control. Overall, price is now expected to move sideways.
Interesting point to notice is that Bollinger Bands are converging and trade volume is much lower than average. A breakout, in either direction is possible.
Oscillator indicators
Most of the oscillators are neutral and some more have now flipped to indicate the same. Price is expected to move sideways.
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) | 57.11 | Neutral |
| Stochastic %K (14, 3, 3) | 46.56 | Neutral |
| Commodity Channel Index (20) | 53.53 | Neutral |
| Average Directional Index (14) | 26.28 | Neutral |
| Awesome Oscillator | 127.37 | Neutral |
| Momentum (10) | −141.50 | Buy |
| MACD Level (12, 26) | 69.56 | Sell |
| Stochastic RSI Fast (3, 3, 14, 14) | 24.68 | Neutral |
| Williams Percent Range (14) | −50.65 | Neutral |
| Bull Bear Power | 52.11 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 51.78 | 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 |
| 16 | 1 | 0 |
| Name | Value | Action |
|---|---|---|
| Exponential Moving Average (5) | 9537.86 | Buy |
| Simple Moving Average (5) | 9525.30 | Buy |
| Exponential Moving Average (10) | 9530.73 | Buy |
| Simple Moving Average (10) | 9534.42 | Buy |
| Exponential Moving Average (20) | 9488.19 | Buy |
| Simple Moving Average (20) | 9511.85 | Buy |
| Exponential Moving Average (30) | 9435.99 | Buy |
| Simple Moving Average (30) | 9458.31 | Buy |
| Exponential Moving Average (50) | 9369.75 | Buy |
| Simple Moving Average (50) | 9234.47 | Buy |
| Exponential Moving Average (100) | 9278.79 | Buy |
| Simple Moving Average (100) | 9338.94 | Buy |
| Exponential Moving Average (200) | 8994.06 | Buy |
| Simple Moving Average (200) | 9219.35 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 9432.03 | Neutral |
| Volume Weighted Moving Average (20) | 9526.93 | Buy |
| Hull Moving Average (9) | 9545.94 | Buy |
Trade volume
Trade volume in few days has been lower than average (20). We can see a break-out soon.
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