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 with price riding the upper band
  • Price volatility was high. The market moved ~4.26%, between $11.93k and $11.45k

Today’s Trend analysis

  • BTCUSD expected to see an uptrend as price is riding the upper band with higher lows and Bollinger band expansion
  • Price at time of publishing: $11,801
  • BTC’s market cap: $218 Billion
  • Oscillator indicators are mostly neutral. RSI at 67
  • Moving average indicators are indicating an uptrend Ichimoku Cloud is neutral
  • Volume indicators observed an increase in volume with the price increase while a decrease in volume as the price declines

Price expected to see an uptrend as price is riding the upper band with higher lows and Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size decreasing in the positive region suggesting bullish bias. RSI at 67, above the midline in the neutral region, close to the overbought region. CCI at around 125, in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed an increase in volume with the price increase while a decrease in volume as the price declines suggesting a strengthened buying pressure.

BTCUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 125 in the overbought region. RSI with a value of around 67 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
182
NameValueAction
Relative Strength Index (14)67.68Neutral
Stochastic %K (14, 3, 3)77.73Neutral
Commodity Channel Index (20)131.79Neutral
Average Directional Index (14)31.43Neutral
Awesome Oscillator304.14Buy
Momentum (10)361.44Sell
MACD Level (12, 26)103.82Buy
Stochastic RSI Fast (3, 3, 14, 14)64.81Neutral
Williams Percent Range (14)−23.89Neutral
Bull Bear Power389.27Neutral
Ultimate Oscillator (7, 14, 28)55.99Neutral

Moving Average Indicators

Moving average (MA) indicators are indicating an uptrend. 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
1115

MOVING AVERAGES

NameValueAction
Exponential Moving Average (5)11741.2Buy
Simple Moving Average (5)11750.02Buy
Exponential Moving Average (10)11667.68Buy
Simple Moving Average (10)11646.61Buy
Exponential Moving Average (20)11574.84Buy
Simple Moving Average (20)11518.77Buy
Exponential Moving Average (30)11519.8Buy
Simple Moving Average (30)11479.41Buy
Exponential Moving Average (50)11430.88Buy
Simple Moving Average (50)11453.48Buy
Exponential Moving Average (100)11250.08Buy
Simple Moving Average (100)11173.41Buy
Exponential Moving Average (200)11074.73Buy
Simple Moving Average (200)10940.53Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)11571.68Neutral
Volume Weighted Moving Average (20)11668.23Buy
Hull Moving Average (9)11811.98Sell

Trade volume

In the recent few candles, the volume saw an increase from 539 to 3.97k as the price increased while volume decreased to 1.46k as price observed a decline making the total traded volume between 3.97k and 538 with the 20-candle moving average increasing from 950 to 1.12k.


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