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 continued uptrend with price riding the upper band
  • Price volatility was very high. The market moved ~9.13%, between $13.25k and $12.14k

Today’s Trend analysis

  • BTCUSD expected to see an uptrend as price is riding the upper band with higher lows and Bollinger band expansion observed
  • Price at time of publishing: $12,298
  • BTC’s market cap: $240 Billion
  • Oscillator indicators are mostly neutral. RSI at 84
  • Moving average indicators are indicating an uptrend Ichimoku Cloud is neutral
  • Volume indicators observed an increase with an increase in price while a decrease in value with the price decline

Price expected to see an uptrend as price is riding the upper band with higher lows and Bollinger band expansion observed. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size increasing in the positive region suggesting bullish bias. RSI at 84, in the overbought region, indicating a downtrend. CCI at around 134, in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed an increase with an increase in price while a decrease in value with the price decline indicating a strengthened buying pressure.

BTCUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 134 in the overbought region. RSI with a value of around 84 in the overbought 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
272
NameValueAction
Relative Strength Index (14)84.29Sell
Stochastic %K (14, 3, 3)74.21Neutral
Commodity Channel Index (20)134.49Neutral
Average Directional Index (14)61.80Neutral
Awesome Oscillator1020.37Buy
Momentum (10)1071.58Sell
MACD Level (12, 26)358.82Buy
Stochastic RSI Fast (3, 3, 14, 14)77.82Neutral
Williams Percent Range (14)−15.65Neutral
Bull Bear Power806.07Neutral
Ultimate Oscillator (7, 14, 28)51.78Neutral

Moving Average Indicators

Moving average (MA) indicators are 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
0116

MOVING AVERAGES

NameValueAction
Exponential Moving Average (5)12784.3Buy
Simple Moving Average (5)12801.78Buy
Exponential Moving Average (10)12571.68Buy
Simple Moving Average (10)12542.04Buy
Exponential Moving Average (20)12262.8Buy
Simple Moving Average (20)12138.35Buy
Exponential Moving Average (30)12070.7Buy
Simple Moving Average (30)11897.54Buy
Exponential Moving Average (50)11833.74Buy
Simple Moving Average (50)11692.8Buy
Exponential Moving Average (100)11508.83Buy
Simple Moving Average (100)11388.4Buy
Exponential Moving Average (200)11230.26Buy
Simple Moving Average (200)11031.69Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)12303.32Neutral
Volume Weighted Moving Average (20)12369.37Buy
Hull Moving Average (9)12938.73Buy

Trade volume

In the recent few candles, the volume saw an increase with price increase while saw a decrease in volume was observed with the price decline, making the total traded volume in between 1.69k and 9.06, with the 20-candle moving average increasing from 1.78k to 3.15k.


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