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.
Market in last 24hrs
- As predicted in the previous analysis, BTCUSD price continued consolidation
- Price volatility was low. Market moved just ~1.5%, between $9.34k and $9.48k
Today’s Trend analysis
- Sideways today
- Price at time of publishing: $9,410
- BTC’s market cap: $174 Billion
- ‘Oscillator‘ indicators are neutral. RSI at 43
- ‘Moving average‘ indicators are indicating a downtrend. Ichimoku Cloud is neutral
Price expected to trend sideways today. Most of the Oscillator indicators are neutral. MACD histogram is now in positive zone and MACD line is trending up, though still below 0. RSI has been flat for sometime now, oscillating below its midpoint 50, around 42. CCI, the more reactive oscillator, is moving between -50 and 0. All factors indicating that both bulls and bears are struggling. Overall, price is expected to move sideways today.
Most of the oscillators are neutral. 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.
|Relative Strength Index (14)||42.71||Neutral|
|Stochastic %K (14, 3, 3)||45.02||Neutral|
|Commodity Channel Index (20)||−6.79||Neutral|
|Average Directional Index (14)||28.70||Neutral|
|MACD Level (12, 26)||−57.68||Buy|
|Stochastic RSI Fast (3, 3, 14, 14)||55.61||Neutral|
|Williams Percent Range (14)||−56.96||Neutral|
|Bull Bear Power||−67.14||Neutral|
|Ultimate Oscillator (7, 14, 28)||56.92||Neutral|
Moving Average Indicators
Moving average (MA) indicator are pointing towards a downtrend. 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.
|Exponential Moving Average (5)||9416.54||Sell|
|Simple Moving Average (5)||9415.91||Sell|
|Exponential Moving Average (10)||9426.41||Sell|
|Simple Moving Average (10)||9423.00||Sell|
|Exponential Moving Average (20)||9466.29||Sell|
|Simple Moving Average (20)||9413.77||Sell|
|Exponential Moving Average (30)||9504.49||Sell|
|Simple Moving Average (30)||9542.76||Sell|
|Exponential Moving Average (50)||9545.05||Sell|
|Simple Moving Average (50)||9602.78||Sell|
|Exponential Moving Average (100)||9531.81||Sell|
|Simple Moving Average (100)||9615.10||Sell|
|Exponential Moving Average (200)||9336.18||Buy|
|Simple Moving Average (200)||9456.10||Sell|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||9545.16||Neutral|
|Volume Weighted Moving Average (20)||9392.08||Buy|
|Hull Moving Average (9)||9408.44||Buy|
Trade volume has been lower than the average value since last 2 days, indicating that the trend will change soon.
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