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 downtrend with price riding the lower Bollinger band
  • Price volatility was very high. The market moved ~12.54%, between $12.59k and $10k

Today’s Trend analysis

  • BTCUSD expected to see a slight uptrend as price was riding the lower band and got support from lower band
  • Price at time of publishing: $10,413
  • BTC’s market cap: $191 Billion
  • Oscillator indicators are mostly neutral. RSI at 26
  • Moving average indicators are indicating a downtrend. Ichimoku Cloud is neutral
  • Volume indicators observed high values for the red candles while remaining low otherwise

Price expected to see a slight uptrend as price was riding the lower band and got support from lower band. Most of the Oscillator indicators are neutral. MACD line approaching from below the signal line, with the histogram size decreasing in the negative direction. RSI at 26, in the oversold region suggesting a trend reversal. CCI at around -111, in the oversold region with an up move indicating an uptrend. Another interesting point to notice here is that the volume saw higher values for red candles and remaining low otherwise suggesting a strong selling pressure.

BTCUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at -107 in the oversold region with an up move. RSI with a value of around 26 in the oversold 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
263
NameValueAction
Relative Strength Index (14)26.68Buy
Stochastic %K (14, 3, 3)19.37Neutral
Commodity Channel Index (20)−107.65Buy
Average Directional Index (14)45.78Neutral
Awesome Oscillator−1091.62Sell
Momentum (10)−1094.83Buy
MACD Level (12, 26)−356.56Sell
Stochastic RSI Fast (3, 3, 14, 14)30.67Neutral
Williams Percent Range (14)−81.19Neutral
Bull Bear Power−1048.10Neutral
Ultimate Oscillator (7, 14, 28)44.98Neutral

Moving Average Indicators

Moving average (MA) indicators are indicating a downtrend. 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
1511

MOVING AVERAGES

NameValueAction
Exponential Moving Average (5)10409.9Sell
Simple Moving Average (5)10294.47Buy
Exponential Moving Average (10)10639.65Sell
Simple Moving Average (10)10683.52Sell
Exponential Moving Average (20)10966.48Sell
Simple Moving Average (20)11189.44Sell
Exponential Moving Average (30)11135.31Sell
Simple Moving Average (30)11362.77Sell
Exponential Moving Average (50)11299.05Sell
Simple Moving Average (50)11407.68Sell
Exponential Moving Average (100)11434.21Sell
Simple Moving Average (100)11521.47Sell
Exponential Moving Average (200)11317.57Sell
Simple Moving Average (200)11596.54Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)11016.34Neutral
Volume Weighted Moving Average (20)10932.81Sell
Hull Moving Average (9)10177.59Buy

Trade volume

In the recent few candles, the volume observed a high value for red candles whereas a low value otherwise, the volume traded was between 12.5k and 2.5k with an increase in 20-candle moving average from 2.4k to 3.9k


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