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 followed by a decline making the price move sideways
  • Price volatility was low. The market moved ~1.98%, between $10.57k and $10.37k

Today’s Trend analysis

  • BTCUSD expected to see an uptrend, price to repeat the history after getting support from the support line
  • Price at time of publishing: $10,479
  • BTC’s market cap: $193 Billion
  • Oscillator indicators are mostly neutral. RSI at 40
  • Moving average indicators are indicating a downtrend. Ichimoku Cloud is neutral
  • Volume indicators observed a decrease as the price increased while saw an increase in volume as price declined

Price expected to see an uptrend, price to repeat the history after getting support from the support line. Most of the Oscillator indicators are neutral. MACD line approaching signal line from below, with the histogram size decreasing in the negative region suggesting bearish bias. RSI at 40, below the midline in the neutral region. CCI at around -47, in the neutral region with an up move. Another interesting point to notice here is that the volume observed a decrease as the price increased while saw an increase in volume as price declined indicating bullish momentum along with Bollinger band squeeze taking place.

BTCUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at -47 in the neutral region. RSI with a value of around 40 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)40.88Neutral
Stochastic %K (14, 3, 3)24.44Neutral
Commodity Channel Index (20)−47.24Neutral
Average Directional Index (14)30.92Neutral
Awesome Oscillator−296.34Neutral
Momentum (10)−15.33Buy
MACD Level (12, 26)−110.21Sell
Stochastic RSI Fast (3, 3, 14, 14)43.29Neutral
Williams Percent Range (14)−72.82Neutral
Bull Bear Power−165.11Neutral
Ultimate Oscillator (7, 14, 28)48.92Neutral

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
1313

MOVING AVERAGES

NameValueAction
Exponential Moving Average (5)10470.62Buy
Simple Moving Average (5)10481.94Sell
Exponential Moving Average (10)10501.26Sell
Simple Moving Average (10)10454.07Buy
Exponential Moving Average (20)10592.73Sell
Simple Moving Average (20)10624.16Sell
Exponential Moving Average (30)10647.57Sell
Simple Moving Average (30)10745.79Sell
Exponential Moving Average (50)10680.11Sell
Simple Moving Average (50)10801.47Sell
Exponential Moving Average (100)10721.47Sell
Simple Moving Average (100)10558.57Sell
Exponential Moving Average (200)10825.91Sell
Simple Moving Average (200)10941.95Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)10734.79Neutral
Volume Weighted Moving Average (20)10551.5Sell
Hull Moving Average (9)10479.16Buy

Trade volume

In the recent few candles, the volume saw an increase initially from 652 to 2.06k as the price increased followed by a decline in volume to 677 with the price still increasing, thereafter the volume increased to 956 as the price decreased with volume again decreasing to 484 with price increase being below the 20-candle moving average which had a value around 1.5k.


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