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.


Analysis Summary

Market in last 24hrs

  • BTCUSD saw a sideways movement
  • Price volatility was relatively low. The market moved ~2.17%, between $11.85\\94k and $11.69k

Today’s Trend analysis

  • BTCUSD expected to see a slight uptrend as Bollinger band squeezes and price trading above the midline band
  • Price at time of publishing: $11,887
  • BTC’s market cap: $218 Billion
  • Oscillator indicators are mostly neutral. RSI at 56
  • Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
  • Volume indicators observed were very low somewhat around the same value

Price expected to see a slight uptrend as Bollinger band squeezes and price trading above the midline band. Most of the Oscillator indicators are neutral. MACD crossed below the signal line with histogram increasing in size in a negative direction.  RSI at 56, above the midline still in the neutral region. CCI at 60, in the neutral region. Another interesting point to notice here is that the volume has been very low in recent candles.

BTCUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 94 in the neutral region. RSI above the midline around 56 still 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
272
NameValueAction
Relative Strength Index (14)56.69Neutral
Stochastic %K (14, 3, 3)59.34Neutral
Commodity Channel Index (20)94.27Neutral
Average Directional Index (14)20.06Neutral
Awesome Oscillator158.02Buy
Momentum (10)66.42Sell
MACD Level (12, 26)48.04Sell
Stochastic RSI Fast (3, 3, 14, 14)33.81Neutral
Williams Percent Range (14)−24.98Neutral
Bull Bear Power31.98Buy
Ultimate Oscillator (7, 14, 28)58.26Neutral

Moving Average Indicators

Moving average (MA) indicators a slight 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
0116

MOVING AVERAGES

NameValueAction
Exponential Moving Average (5)11863.57Buy
Simple Moving Average (5)11860.70Buy
Exponential Moving Average (10)11852.17Buy
Simple Moving Average (10)11856.48Buy
Exponential Moving Average (20)11817.84Buy
Simple Moving Average (20)11837.41Buy
Exponential Moving Average (30)11785.92Buy
Simple Moving Average (30)11756.38Buy
Exponential Moving Average (50)11722.80Buy
Simple Moving Average (50)11728.10Buy
Exponential Moving Average (100)11476.99Buy
Simple Moving Average (100)11620.83Buy
Exponential Moving Average (200)10953.89Buy
Simple Moving Average (200)10719.79Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)11628.92Neutral
Volume Weighted Moving Average (20)11822.93Buy
Hull Moving Average (9)11866.62Buy

Trade volume

In recent few candles, the volume increased as the price had been constant being relatively very low. The traded volume was between 1.89k and 866 with the 20-candle moving average being above the volume with a decrease from 2.2k to 1.8k.


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