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 with breaking the midline Bollinger band
  • Price volatility was very high. The market moved ~4.75%, between $10.28k and $9.81k

Today’s Trend analysis

  • BTCUSD expected to see an uptrend as the price is trading inside the band with support from lower band and continued Bollinger band squeeze
  • Price at time of publishing: $10,216
  • BTC’s market cap: $188 Billion
  • Oscillator indicators are mostly neutral. RSI at 47
  • Moving average indicators are mostly neutral. Ichimoku Cloud is neutral
  • Volume indicators observed an increase in value as the price was low while decreased as the price saw an increase

Price expected to see an uptrend as the price is trading inside the band with support from lower band and continued Bollinger band squeeze. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram fluctuating in the positive direction. RSI at 47, in the neutral region. CCI at around 27, in the neutral region with an up move. Another interesting point to notice here is that the volume observed an increase in value as the price was low while decreased as the price saw an increase indicating a shift from buyers to sellers.

BTCUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 29 in the neutral region with an up move. RSI with a value of around 47 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
191
NameValueAction
Relative Strength Index (14)47.55Neutral
Stochastic %K (14, 3, 3)51.62Neutral
Commodity Channel Index (20)29.86Neutral
Average Directional Index (14)49.41Neutral
Awesome Oscillator−126.15Neutral
Momentum (10)62.72Sell
MACD Level (12, 26)−115.64Buy
Stochastic RSI Fast (3, 3, 14, 14)79.3Neutral
Williams Percent Range (14)−37.79Neutral
Bull Bear Power114.29Neutral
Ultimate Oscillator (7, 14, 28)50.33Neutral

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)10148.45Buy
Simple Moving Average (5)10109.47Buy
Exponential Moving Average (10)10146.32Buy
Simple Moving Average (10)10158.65Buy
Exponential Moving Average (20)10206.55Buy
Simple Moving Average (20)10171.6Buy
Exponential Moving Average (30)10313.93Sell
Simple Moving Average (30)10217.51Sell
Exponential Moving Average (50)10536.68Sell
Simple Moving Average (50)10638.63Sell
Exponential Moving Average (100)10891.36Sell
Simple Moving Average (100)11089.76Sell
Exponential Moving Average (200)11038.12Sell
Simple Moving Average (200)11423.61Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)10165.79Neutral
Volume Weighted Moving Average (20)10144.68Buy
Hull Moving Average (9)10138.41Buy

Trade volume

In the recent few candles, there was an increase in volume observed from 2.2k to 5k as the price was low and as the price started to increase the volume decreased to 925, being below the 20-candle moving average which decreased from 2.42k to 1.93k.


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