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 downtrend followed by an uptrend touching the midline Bollinger band
  • Price volatility was low. The market moved ~3.03%, between $10.95k and $10.62k

Today’s Trend analysis

  • BTCUSD expected to see a slight downtrend as the price is trading inside the band is expected to get midline resistance
  • Price at time of publishing: $10,773
  • BTC’s market cap: $199 Billion
  • Oscillator indicators are mostly neutral. RSI at 53
  • Moving average indicators are indicating an uptrend Ichimoku Cloud is neutral
  • Volume indicators from observed an increase as price increased while a decrease as price saw a decline

Price expected to see a slight downtrend as the price is trading inside the band is expected to get midline resistance. Most of the Oscillator indicators are neutral. MACD line crossed below the signal line, with the histogram size increasing in the negative region suggesting bearish bias. RSI at 53, above the midline in the neutral region. CCI at around 16, in the neutral region with a slight up move. Another interesting point to notice here is that the volume observed an increase as price increased while a decrease as price saw a decline indicating strengthened buying pressure.

BTCUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 15 in the neutral region with a slight up move. RSI with a value of around 53 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.

SellNeutralBuy
281
NameValueAction
Relative Strength Index (14)53.19Neutral
Stochastic %K (14, 3, 3)38.16Neutral
Commodity Channel Index (20)15.42Neutral
Average Directional Index (14)18.5Neutral
Awesome Oscillator82.77Neutral
Momentum (10)39.31Sell
MACD Level (12, 26)32.68Sell
Stochastic RSI Fast (3, 3, 14, 14)17.99Neutral
Williams Percent Range (14)−49.02Neutral
Bull Bear Power−38.43Buy
Ultimate Oscillator (7, 14, 28)49.13Neutral

Moving Average Indicators

Moving average (MA) indicators ae 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.

SellNeutralBuy
4112

MOVING AVERAGES

NameValueAction
Exponential Moving Average (5)10759.4Buy
Simple Moving Average (5)10749.22Buy
Exponential Moving Average (10)10768.61Buy
Simple Moving Average (10)10804.47Sell
Exponential Moving Average (20)10748.38Buy
Simple Moving Average (20)10760.41Buy
Exponential Moving Average (30)10726.47Buy
Simple Moving Average (30)10730.74Buy
Exponential Moving Average (50)10704.32Buy
Simple Moving Average (50)10618.28Buy
Exponential Moving Average (100)10705.39Buy
Simple Moving Average (100)10708.55Buy
Exponential Moving Average (200)10781.15Sell
Simple Moving Average (200)10776.55Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)10751.57Neutral
Volume Weighted Moving Average (20)10778.97Sell
Hull Moving Average (9)10681.96Buy

Trade volume

In the recent few candles, the volume saw an increase in value as price increased with a decrease in volume as price saw a decline with the traded volume in between 1.28k and 408, with the 20-candle moving average decreasing from 616 to 540.


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