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.
Market in last 24hrs
- BTCUSD saw an uptrend followed by getting resistance from upper band
- Price volatility was high. The market moved ~4.97%, between $10.79k and $10.28k
Today’s Trend analysis
- BTCUSD expected to see an uptrend, price trading inside bands and after getting resistance midline support expected with higher lows being observed
- Price at time of publishing: $10,594
- BTC’s market cap: $196 Billion
- Oscillator indicators are mostly neutral. RSI at 51
- Moving average indicators are mostly neutral. Ichimoku Cloud is neutral
- Volume indicators from observed high value for blue candles while relatively low value for red ones
Price expected to see an uptrend, price trading inside bands and after getting resistance midline support expected with higher lows being observed. Most of the Oscillator indicators are neutral. MACD line moving above signal line, with the histogram size increasing in the positive region suggesting bullish bias. RSI at 51, above the midline in the neutral region. CCI at around 59, in the neutral region with a pullback from overbought region. Another interesting point to notice here is that the volume observed high value for blue candle which increased as price increased while relatively low value for red candles indicating strengthened buying pressure.
Most of the oscillators are neutral. CCI at 69 in the neutral region with a pullback from overbought. RSI with a value of around 51 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.
|Relative Strength Index (14)||51.08||Neutral|
|Stochastic %K (14, 3, 3)||77.94||Neutral|
|Commodity Channel Index (20)||69.26||Neutral|
|Average Directional Index (14)||24.99||Sell|
|MACD Level (12, 26)||−8.49||Buy|
|Stochastic RSI Fast (3, 3, 14, 14)||81.05||Neutral|
|Williams Percent Range (14)||−30.82||Neutral|
|Bull Bear Power||140.91||Sell|
|Ultimate Oscillator (7, 14, 28)||59.73||Neutral|
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.
|Exponential Moving Average (5)||10622.5||Sell|
|Simple Moving Average (5)||10669.76||Sell|
|Exponential Moving Average (10)||10572.21||Buy|
|Simple Moving Average (10)||10517.43||Buy|
|Exponential Moving Average (20)||10555.63||Buy|
|Simple Moving Average (20)||10479.58||Buy|
|Exponential Moving Average (30)||10579.74||Buy|
|Simple Moving Average (30)||10549.48||Buy|
|Exponential Moving Average (50)||10615.93||Sell|
|Simple Moving Average (50)||10712.57||Sell|
|Exponential Moving Average (100)||10674.67||Sell|
|Simple Moving Average (100)||10598.39||Sell|
|Exponential Moving Average (200)||10788.75||Sell|
|Simple Moving Average (200)||10873.76||Sell|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||10567.64||Neutral|
|Volume Weighted Moving Average (20)||10489.27||Buy|
|Hull Moving Average (9)||10739.63||Sell|
In the recent few candles, the volume saw high value for blue candles which increase as price increased while low value for red candles, with volume traded between 848 and 2.69k, with the 20-candle moving average decreasing from 1.7k to 1.39k
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