This #9 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: $10165
- BTC’s market cap: $186 Billion
Trend analysis
BTC is looking to consolidate now around the 10k mark. It dipped just below 10k and came back up.
- Upward trend in short term is weakning as signs of consolidation grow. Market is neutral.
- Moving averages are still unanimously pointing up ?.
- Oscillators have flipped to sell now. 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. There are some signs that this will flip. The Hull Moving Average which is a reactive MA in short term has just flipped from Buy to Sell. This indicates that there might be some short term reversal.
| Buy | Neutral | Sell |
| 15 | 1 | 1 |
| Name | Value | Action |
| Exponential Moving Average (5) | 9908.04 | Buy |
| Simple Moving Average (5) | 9932.02 | Buy |
| Exponential Moving Average (10) | 9698.77 | Buy |
| Simple Moving Average (10) | 9642.22 | Buy |
| Exponential Moving Average (20) | 9359.83 | Buy |
| Simple Moving Average (20) | 9261.28 | Buy |
| Exponential Moving Average (30) | 9088.69 | Buy |
| Simple Moving Average (30) | 9057.25 | Buy |
| Exponential Moving Average (50) | 8735.35 | Buy |
| Simple Moving Average (50) | 8423.07 | Buy |
| Exponential Moving Average (100) | 8490.01 | Buy |
| Simple Moving Average (100) | 8120.28 | Buy |
| Exponential Moving Average (200) | 8395.64 | Buy |
| Simple Moving Average (200) | 8859.37 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 9213.18 | Neutral |
| Volume Weighted Moving Average (20) | 9275.67 | Buy |
| Hull Moving Average (9) | 10176.59 | Sell |
Oscillators
Oscillators are now pointing towards sell now. CCI and Stock RSI both are now pointing to sell from being neutral. This again shows that the market is in the consolidation phase. It looks like the price will dip in the short term before we see it rise again
| Buy | Neutral | Sell |
| 3 | 4 | 4 |
| Name | Value | Action |
| Relative Strength Index: RSI (14) | 69.1 | Neutral |
| Stochastic %K (14, 3, 3) | 94.18 | Sell |
| Commodity Channel Index: CCI (20) | 112.93 | Sell |
| Average Directional Index: ADX (14) | 43.08 | Neutral |
| Awesome Oscillator | 958.67 | Buy |
| Momentum (10) | 670.26 | Buy |
| MACD Level (12, 26) | 435.02 | Buy |
| Stochastic RSI Fast (3, 3, 14, 14) | 87.62 | Sell |
| Williams Percent Range (14) | −15.21 | Sell |
| Bull Bear Power | 719.93 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 68.08 | Neutral |
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