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 slight downward movement bouncing back from $11,569
  • Price volatility was high. The market moved ~2.99%, between $11.91k and $11.57k

Today’s Trend analysis

  • BTCUSD expected to move sideways as the price had been seeing ups and down
  • Price at time of publishing: $11,760
  • BTC’s market cap: $217 Billion
  • Oscillator indicators are mostly neutral. RSI at 44
  • Moving average indicators are mostly neutral. Ichimoku Cloud is neutral
  • Volume indicators observed a consistent decrease in the recent candles

Price expected to see a sideways movement as it bounced back and saw a price decrease after that. Most of the Oscillator indicators are neutral. MACD approaching from below the signal line with histogram decreasing in size in the negative direction.  RSI at 44, below the midline still in the neutral region. CCI at -67, in the neutral region, with an up move. Another interesting point to notice here is that the volume in the recent candles were decreasing consistently.

BTCUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at -58 in the neutral region. RSI below the midline around 45 still in the neutral region.

Definition:- Oscillator indicators are based on the 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
380
NameValueAction
Relative Strength Index (14)45.78Neutral
Stochastic %K (14, 3, 3)19.68Neutral
Commodity Channel Index (20)−58.80Neutral
Average Directional Index (14)24.72Neutral
Awesome Oscillator−188.42Sell
Momentum (10)−202.92Sell
MACD Level (12, 26)−47.94Sell
Stochastic RSI Fast (3, 3, 14, 14)17.92Neutral
Williams Percent Range (14)−72.33Neutral
Bull Bear Power−154.00Neutral
Ultimate Oscillator (7, 14, 28)43.73Neutral

Moving Average Indicators

Moving average (MA) indicators are mostly neutral. 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
818

MOVING AVERAGES

NameValueAction
Exponential Moving Average (5)11751.95Buy
Simple Moving Average (5)11721.90Buy
Exponential Moving Average (10)11800.36Sell
Simple Moving Average (10)11781.65Buy
Exponential Moving Average (20)11859.39Sell
Simple Moving Average (20)11964.20Sell
Exponential Moving Average (30)11865.57Sell
Simple Moving Average (30)11927.58Sell
Exponential Moving Average (50)11828.51Sell
Simple Moving Average (50)11823.67Sell
Exponential Moving Average (100)11620.55Buy
Simple Moving Average (100)11721.76Buy
Exponential Moving Average (200)11120.25Buy
Simple Moving Average (200)10974.14Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)12023.70Neutral
Volume Weighted Moving Average (20)12027.37Sell
Hull Moving Average (9)11709.21Buy

Trade volume

In recent few candles, the volume saw a consistent decrease from 3.4k to 826 with the 20-candle moving average increasing from 3.002k to 3.09k, with 20-candle moving average being above the volume.


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