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 reaching the high at the upper Bollinger band
- Price volatility was high. The market moved ~2.83%, between $11.03k and $10.73k
Today’s Trend analysis
- BTCUSD expected to see a decline and get support form midline followed by consolidation as the price is trading between upper band and mildine recently with Bollinger band squeeze
- Price at time of publishing: $10,975
- BTC’s market cap: $203 Billion
- Oscillator indicators are mostly neutral. RSI at 65
- Moving average indicators are indicating an uptrend. Ichimoku Cloud is neutral
- Volume indicators observed an increase as the price decreased and increased as the price started to increase
Price expected to see a decline and get support form midline followed by consolidation as the price is trading between upper band and mildine recently with Bollinger band squeeze. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, with the histogram size decreasing in the negative region suggesting bearish bias. RSI at 65, above the midline in the neutral region. CCI at around 96, in the neutral region with an upmove. Another interesting point to notice here is that the volume observed an increase as the price decreased and increased as the price started to increase indicating strengthen selling pressure.
Oscillator indicators
Most of the oscillators are neutral. CCI at 96 in the neutral region. RSI with a value of around 65 above 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.
| Sell | Neutral | Buy |
| 2 | 8 | 1 |
| Name | Value | Action |
|---|---|---|
| Relative Strength Index (14) | 65.75 | Neutral |
| Stochastic %K (14, 3, 3) | 65.15 | Neutral |
| Commodity Channel Index (20) | 96.01 | Neutral |
| Average Directional Index (14) | 21.06 | Neutral |
| Awesome Oscillator | 220.47 | Buy |
| Momentum (10) | −4.39 | Sell |
| MACD Level (12, 26) | 101.10 | Sell |
| Stochastic RSI Fast (3, 3, 14, 14) | 38.14 | Neutral |
| Williams Percent Range (14) | −33.13 | Neutral |
| Bull Bear Power | 161.99 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 64.66 | Neutral |
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.
| Sell | Neutral | Buy |
| 1 | 1 | 15 |
| Name | Value | Action |
| Exponential Moving Average (5) | 10947.13 | Buy |
| Simple Moving Average (5) | 10946.13 | Buy |
| Exponential Moving Average (10) | 10921.96 | Buy |
| Simple Moving Average (10) | 10917.07 | Buy |
| Exponential Moving Average (20) | 10853.27 | Buy |
| Simple Moving Average (20) | 10885.23 | Buy |
| Exponential Moving Average (30) | 10782.41 | Buy |
| Simple Moving Average (30) | 10756 | Buy |
| Exponential Moving Average (50) | 10699.7 | Buy |
| Simple Moving Average (50) | 10596.71 | Buy |
| Exponential Moving Average (100) | 10732.3 | Buy |
| Simple Moving Average (100) | 10551.09 | Buy |
| Exponential Moving Average (200) | 10860.52 | Buy |
| Simple Moving Average (200) | 11119.29 | Sell |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 10710.23 | Neutral |
| Volume Weighted Moving Average (20) | 10888.46 | Buy |
| Hull Moving Average (9) | 10972.29 | Buy |
Trade volume
In the recent few candles, there was an increase in volume from 845 to 2.2k as the price was decreasing while the volume started to decrease from 2.2k to 834 as the price started to increase, with the 20-candle moving average decreasing from 2k to 1.69k.
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