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 touching the midline band
  • Price volatility was low. The market moved ~1.78%, between $10.8k and $10.61k

Today’s Trend analysis

  • BTCUSD expected to see a downtrend as the price got resistance form upper band with breaking the midline support
  • Price at time of publishing: $10,653
  • BTC’s market cap: $197 Billion
  • Oscillator indicators are mostly neutral. RSI at 49
  • Moving average indicators are indicating a downtrend Ichimoku Cloud is neutral
  • Volume indicators from observed similar value for blue candles while increase in volume fore red candles

Price expected to see a downtrend as the price got resistance form upper band with breaking the midline support. Most of the Oscillator indicators are neutral. MACD line moving above signal line, with the histogram size decreasing in the positive region suggesting bullish bias. RSI at 49, close to the midline in the neutral region. CCI at around -6, in the neutral region with a slight downmove. Another interesting point to notice here is that the volume observed similar value for blue candles while increase in volume fore red candles indicating a shift to sellers.

BTCUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at -9 in the neutral region with a slight downmove. RSI with a value of around 49 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
092
NameValueAction
Relative Strength Index (14)49.69Neutral
Stochastic %K (14, 3, 3)53.85Neutral
Commodity Channel Index (20)−8.89Neutral
Average Directional Index (14)17.03Neutral
Awesome Oscillator159.43Neutral
Momentum (10)−76.37Buy
MACD Level (12, 26)33.3Buy
Stochastic RSI Fast (3, 3, 14, 14)33.33Neutral
Williams Percent Range (14)−65.52Neutral
Bull Bear Power−89.79Neutral
Ultimate Oscillator (7, 14, 28)51.98Neutral

Moving Average Indicators

Moving average (MA) indicators ae indicating a downtrend. 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
1511

MOVING AVERAGES

NameValueAction
Exponential Moving Average (5)10694.81Sell
Simple Moving Average (5)10711.28Sell
Exponential Moving Average (10)10693.14Sell
Simple Moving Average (10)10710.47Sell
Exponential Moving Average (20)10662.36Sell
Simple Moving Average (20)10658.28Sell
Exponential Moving Average (30)10650.94Sell
Simple Moving Average (30)10576.36Buy
Exponential Moving Average (50)10651.58Sell
Simple Moving Average (50)10662.57Sell
Exponential Moving Average (100)10682.14Sell
Simple Moving Average (100)10653.45Sell
Exponential Moving Average (200)10779.82Sell
Simple Moving Average (200)10814.8Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)10484.15Neutral
Volume Weighted Moving Average (20)10648.75Sell
Hull Moving Average (9)10706.32Sell

Trade volume

In the recent few candles, the volume saw a similar value around 700 for blue candles while increased from 312 to 700 for red candles being below the 20-candle moving average which decreased from 1.45k to 1.18k.


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