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 on blog here and on Tradingview here.
Market in last 24hrs
- BTCUSD saw a downtrend after rejecting from Upper Bollinger Band
- Price volatility was high. The market moved ~3.17%, between $12.02k and $11.65k
Today’s Trend analysis
- BTCUSD expected to see a downtrend further as lower highs have been observed
- Price at time of publishing: $11,750
- BTC’s market cap: $217 Billion
- Oscillator indicators are mostly neutral. RSI at 50.
- Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral
- Volume indicators observed a decrease in volume as red candles were observed indicating high volatility
Price expected to see a downtrend after rejecting from Bollinger Band as lower highs have been observed. Most of the Oscillator indicators are neutral. MACD crossed below signal line with histogram increasing in size in negative driection. RSI at 50, around midline with a downmove in the neutral region. CCI at -8, in the neutral region, got back from overbought region with a value of 140. Another interesting point to notice here is that the volume is decreasing as red candles are observed indicating high volatility suggesting a downtrend continuation.
Most of the oscillators are neutral. CCI at -13, in the neutral region. RSI around the midline around 50 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.
|Relative Strength Index (14)||50.65||Neutral|
|Stochastic %K (14, 3, 3)||48.62||Neutral|
|Commodity Channel Index (20)||−13.44||Neutral|
|Average Directional Index (14)||20.59||Neutral|
|MACD Level (12, 26)||57.89||Sell|
|Stochastic RSI Fast (3, 3, 14, 14)||24.47||Neutral|
|Williams Percent Range (14)||−56.74||Neutral|
|Bull Bear Power||−168.27||Neutral|
|Ultimate Oscillator (7, 14, 28)||56.82||Neutral|
Moving Average Indicators
Moving average (MA) indicators a slight downtrend. 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.
|Exponential Moving Average (5)||11805.00||Sell|
|Simple Moving Average (5)||11825.70||Sell|
|Exponential Moving Average (10)||11809.94||Sell|
|Simple Moving Average (10)||11852.61||Sell|
|Exponential Moving Average (20)||11774.87||Sell|
|Simple Moving Average (20)||11775.49||Sell|
|Exponential Moving Average (30)||11726.45||Buy|
|Simple Moving Average (30)||11757.04||Sell|
|Exponential Moving Average (50)||11599.12||Buy|
|Simple Moving Average (50)||11611.45||Buy|
|Exponential Moving Average (100)||11206.82||Buy|
|Simple Moving Average (100)||11273.37||Buy|
|Exponential Moving Average (200)||10622.81||Buy|
|Simple Moving Average (200)||10277.75||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||11649.50||Neutral|
|Volume Weighted Moving Average (20)||11808.41||Sell|
|Hull Moving Average (9)||11781.68||Sell|
In recent few candles, the volume has been decreasing as the price falls. Indicates low volatility and suggests downtrend will continue further. The volume moved from 3.93k to 1.99k while the 20-candle moving average decreased from 2.52k to 2.1k.
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