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 1D candles.

You can find price analysis from previous days on blog here and on Tradingview here.


Analysis Summary

Market in last 1 week

  • BTCUSD saw an uptrend after riding the lower band, now breaking the midline
  • Price volatility was very high. The market moved ~8.69%, between $11.09k and $10.21k

Today’s Trend analysis

  • BTCUSD expected to see an uptrend as lower highs were observed with Bollinger band squeeze
  • Price at time of publishing: $11,957
  • BTC’s market cap: $202 Billion
  • Oscillator indicators are mostly neutral. RSI at 52
  • Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  • Volume indicators observed an increase in volume with blue candles while decreased for red candles

Price expected to see an uptrend as lower highs were observed with Bollinger band squeeze. Most of the Oscillator indicators are neutral. MACD moving above the signal line with histogram size increasing in the positive direction suggesting a bullish bias. RSI at 52, above the midline, still in the neutral region. CCI is around 42, also in the neutral region with an upmove. Another interesting point to notice here is that the volumes observed an increase in volume with blue candles while decreased for red candles indicating a weakening selling pressure.

BTCUSD 1D price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI is around 42, in the neutral region with an upmove. RSI above the midline with a value of 52 in the neutral region.

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.

SellNeutralBuy
182
NameValueAction
Relative Strength Index (14)52.1Neutral
Stochastic %K (14, 3, 3)87.25Neutral
Commodity Channel Index (20)42.98Neutral
Average Directional Index (14)20.37Neutral
Awesome Oscillator−184.77Neutral
Momentum (10)707.99Buy
MACD Level (12, 26)−85.35Buy
Stochastic RSI Fast (3, 3, 14, 14)98.32Sell
Williams Percent Range (14)−12.49Neutral
Bull Bear Power362.1Neutral
Ultimate Oscillator (7, 14, 28)61.02Neutral

Moving Average Indicators

Moving average (MA) indicators indicate an uptrend. Ichimoku Cloud is neutral and Hull MA is indicating a selling 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.

SellNeutralBuy
3113

MOVING AVERAGES

NameValueAction
Exponential Moving Average (5)10867.1Buy
Simple Moving Average (5)10909.57Buy
Exponential Moving Average (10)10768.24Buy
Simple Moving Average (10)10673.67Buy
Exponential Moving Average (20)10801.31Buy
Simple Moving Average (20)10674.59Buy
Exponential Moving Average (30)10862.82Buy
Simple Moving Average (30)10964.77Sell
Exponential Moving Average (50)10833.81Buy
Simple Moving Average (50)11258.26Sell
Exponential Moving Average (100)10441.08Buy
Simple Moving Average (100)10379.06Buy
Exponential Moving Average (200)9779.26Buy
Simple Moving Average (200)9176.89Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)10945.45Neutral
Volume Weighted Moving Average (20)10610.51Buy
Hull Moving Average (9)11066.88Sell

Trade volume

In the last few candles, there was an increase in the volume observed for blue candles while a decrease was observed for red candles, with the traded volume between 13.5k and 6.4k being below the 20-candle moving average which remained around a similar value.


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