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 with the price getting resistance from the upper band
  • Price volatility was high. The market moved ~2.44%, between $10.42k and $0.17k

Today’s Trend analysis

  • BTCUSD expected to see a sideways movement as the price saw higher lows with getting a rejection from the upper band
  • Price at time of publishing: $10,289
  • BTC’s market cap: $190 Billion
  • Oscillator indicators are mostly neutral. RSI at 50
  • Moving average indicators are mostly neutral. Ichimoku Cloud is neutral
  • Volume indicators observed an increase in value as the uptrend was seen and saw a decrease after that

Price expected to see a sideways movement as the price saw higher lows with getting a rejection from the upper band. 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 50, close to the midline in the neutral region. CCI at around 62, in the neutral region. Another interesting point to notice here is that the volume observed an increase in value as the uptrend was seen and saw a decrease after that indicating a weakening selling pressure.

BTCUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 66 in the neutral region. RSI with a value of around 50 close to 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
272
NameValueAction
Relative Strength Index (14)50.34Neutral
Stochastic %K (14, 3, 3)79.84Neutral
Commodity Channel Index (20)66.7Neutral
Average Directional Index (14)39.17Neutral
Awesome Oscillator84.04Buy
Momentum (10)305.14Sell
MACD Level (12, 26)−35.68Buy
Stochastic RSI Fast (3, 3, 14, 14)86.4Neutral
Williams Percent Range (14)−22.54Neutral
Bull Bear Power104.69Sell
Ultimate Oscillator (7, 14, 28)53.01Neutral

Moving Average Indicators

Moving average (MA) indicators are mostly neutral. 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
917

MOVING AVERAGES

NameValueAction
Exponential Moving Average (5)10281.67Buy
Simple Moving Average (5)10293.7Sell
Exponential Moving Average (10)10248.66Buy
Simple Moving Average (10)10229.73Buy
Exponential Moving Average (20)10244.7Buy
Simple Moving Average (20)10187.86Buy
Exponential Moving Average (30)10306.2Sell
Simple Moving Average (30)10190.99Buy
Exponential Moving Average (50)10484.05Sell
Simple Moving Average (50)10441.71Sell
Exponential Moving Average (100)10823.32Sell
Simple Moving Average (100)11003.26Sell
Exponential Moving Average (200)10994.52Sell
Simple Moving Average (200)11382.97Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)10135.63Neutral
Volume Weighted Moving Average (20)10167.75Buy
Hull Moving Average (9)10333.8Sell

Trade volume

In the recent few candles, there was an increase in volume observed from 993 to 2.35k as there was an uptrend and the volume decreased to 858, with the 20-candle moving average saw an increase from 1.93k to 2.01k.


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