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 a sideways movement with price rejecting from midline band and getting support from the lower band
  • Price volatility was very high. The market moved ~6.49%, between $11.8k and $11.1k

Today’s Trend analysis

  • BTCUSD expected to see a sideways movement as price trades between the band with getting support from the lower band
  • Price at time of publishing: $11,540
  • BTC’s market cap: $213 Billion
  • Oscillator indicators are mostly neutral. RSI at 51
  • Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral
  • Volume indicators observed an increase in volume reaching a high at 20-candle moving average and decreasing thereafter

Price expected to see a sideways movement as price trades between the band with getting support from the lower band. Most of the Oscillator indicators are neutral. MACD moving below the signal line with histogram size decreasing in the negative direction suggesting a bearish bias. RSI at 52, above the midline, still in the neutral region. CCI is around -57, also in the neutral region. Another interesting point to notice here is that the volumes observed an increase in volume reaching a high at 20-candle moving average and decreasing thereafter.

BTCUSD 1D price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI is around -57, in the neutral region. 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
371
NameValueAction
Relative Strength Index (14)51.94Neutral
Stochastic %K (14, 3, 3)25.86Neutral
Commodity Channel Index (20)−57.16Neutral
Average Directional Index (14)23.56Neutral
Awesome Oscillator−88.40Sell
Momentum (10)−230.54Sell
MACD Level (12, 26)121.28Sell
Stochastic RSI Fast (3, 3, 14, 14)11.4Neutral
Williams Percent Range (14)−69.55Neutral
Bull Bear Power−133.51Buy
Ultimate Oscillator (7, 14, 28)55.93Neutral

Moving Average Indicators

Moving average (MA) indicators indicate 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.

SellNeutralBuy
6110

MOVING AVERAGES

NameValueAction
Exponential Moving Average (5)11507.05Buy
Simple Moving Average (5)11438.35Buy
Exponential Moving Average (10)11560.27Sell
Simple Moving Average (10)11565.7Sell
Exponential Moving Average (20)11536.19Sell
Simple Moving Average (20)11693.17Sell
Exponential Moving Average (30)11381.19Buy
Simple Moving Average (30)11637.47Sell
Exponential Moving Average (50)11013.36Buy
Simple Moving Average (50)10862.9Buy
Exponential Moving Average (100)10302.49Buy
Simple Moving Average (100)10118.87Buy
Exponential Moving Average (200)9561.02Buy
Simple Moving Average (200)9046.97Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)11736.9Neutral
Volume Weighted Moving Average (20)11701.26Sell
Hull Moving Average (9)11406.88Buy

Trade volume

In the last few candles, there was an increase in the volume with reaching a high at the 20-candle moving average and decreasing thereafter. The volume traded was between 5.5k and 14.35k being below the 20-candle moving average which decreased from 14.4k to 13.6k.


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