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 an uptrend after getting support from $11,122 at the lower band
  • Price volatility was low. The market moved ~1.66%, between $11.3k and $11.12k

Today’s Trend analysis

  • BTCUSD expected to see an uptrend as three driver pattern was observed with trading inside the bands
  • Price at time of publishing: $11,456
  • BTC’s market cap: $211 Billion
  • Oscillator indicators are mostly neutral. RSI at 48
  • Moving average indicators are indicating an uptrend. Ichimoku Cloud is neutral
  • Volume indicators observed an increase in the recent candles with a spike with the highest price seen

Price expected to see an uptrend as three driver pattern was observed with trading inside the bands. Most of the Oscillator indicators are neutral. MACD crossed above the signal line, with histogram size increasing in positive direction. RSI at 48, close to the midline still in the neutral region. CCI at around 55, in the neutral region with an up move. Another interesting point to notice here is that the volume in the recent candles saw an increase with a spike observed with the highest price.

BTCUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 54 in the neutral region. RSI close to the midline around 49 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
191
NameValueAction
Relative Strength Index (14)47.73Neutral
Stochastic %K (14, 3, 3)56.94Neutral
Commodity Channel Index (20)28Neutral
Average Directional Index (14)26.38Neutral
Awesome Oscillator−174.51Neutral
Momentum (10)−41.10Sell
MACD Level (12, 26)−66.62Buy
Stochastic RSI Fast (3, 3, 14, 14)96.46Neutral
Williams Percent Range (14)−36.69Neutral
Bull Bear Power50.34Neutral
Ultimate Oscillator (7, 14, 28)45.51Neutral

Moving Average Indicators

Moving average (MA) indicators are indicating 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
719

MOVING AVERAGES

NameValueAction
Exponential Moving Average (5)11380.16Buy
Simple Moving Average (5)11352.5Buy
Exponential Moving Average (10)11380.4Buy
Simple Moving Average (10)11366.1Buy
Exponential Moving Average (20)11424.31Buy
Simple Moving Average (20)11398.01Buy
Exponential Moving Average (30)11472.34Sell
Simple Moving Average (30)11503.57Sell
Exponential Moving Average (50)11544.07Sell
Simple Moving Average (50)11575.9Sell
Exponential Moving Average (100)11565.15Sell
Simple Moving Average (100)11692.64Sell
Exponential Moving Average (200)11283.96Buy
Simple Moving Average (200)11500.43Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)11472.65Neutral
Volume Weighted Moving Average (20)11373.08Buy
Hull Moving Average (9)11390.43Buy

Trade volume

In recent few candles, the volume observed an increase with a spike when the price reached the highest value in recent candles, with the trading volume between 340 and 3.4k with a sudden increase to 20-candle moving average from 750 to 1.03k.


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