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 until rejection from upper badn
  • Price volatility was very high. The market moved ~5.67%, between $10.44k and $9.88k

Today’s Trend analysis

  • BTCUSD expected to see a slight uptrend as the price is trading inside bands with Bollinger band squeeze
  • Price at time of publishing: $10,022
  • BTC’s market cap: $185 Billion
  • Oscillator indicators are mostly neutral. RSI at 37
  • Moving average indicators are indicating a downtrend. Ichimoku Cloud is neutral
  • Volume indicators observed a decrease in value with high values for blue candles while low for red candles

Price expected to see a slight uptrend as the price is trading inside bands with Bollinger band squeeze. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size decreasing in the positive direction. RSI at 37, in the neutral region. CCI at around -116, in the oversold region with a down move indicating an uptrend. Another interesting point to notice here is that the volume observed a decrease in value with high values for blue candles while low for red candles.

BTCUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at -116 in the oversold region with a down move indicating an uptrend. RSI with a value of around 37 below the midline 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
092
NameValueAction
Relative Strength Index (14)37.89Neutral
Stochastic %K (14, 3, 3)58.47Neutral
Commodity Channel Index (20)−116.18Neutral
Average Directional Index (14)51.42Neutral
Awesome Oscillator−161.25Neutral
Momentum (10)−215.57Buy
MACD Level (12, 26)−150.23Buy
Stochastic RSI Fast (3, 3, 14, 14)65.12Neutral
Williams Percent Range (14)−69.97Neutral
Bull Bear Power−120.77Neutral
Ultimate Oscillator (7, 14, 28)50.01Neutral

Moving Average Indicators

Moving average (MA) indicators are indicating a 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.

SellNeutralBuy
1610

MOVING AVERAGES

NameValueAction
Exponential Moving Average (5)10188.37Sell
Simple Moving Average (5)10231.79Sell
Exponential Moving Average (10)10203.93Sell
Simple Moving Average (10)10191.2Sell
Exponential Moving Average (20)10286.79Sell
Simple Moving Average (20)10202.93Sell
Exponential Moving Average (30)10416.85Sell
Simple Moving Average (30)10282.86Sell
Exponential Moving Average (50)10654.79Sell
Simple Moving Average (50)10829.74Sell
Exponential Moving Average (100)10992.43Sell
Simple Moving Average (100)11181.72Sell
Exponential Moving Average (200)11096.29Sell
Simple Moving Average (200)11474.15Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)10248.38Neutral
Volume Weighted Moving Average (20)10168.21Sell
Hull Moving Average (9)10279.04Sell

Trade volume

In the recent few candles, there was a decrease in volume observed with the volume remaining high for blue candles while being low for red candles, the traded volume was between 3.69k and 869, with the 20-candle moving average decreasing from 2.79k to 2.3k.


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