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 consolidation as the price got midline support
  • Price volatility was high. The market moved ~2.3%, between $13.18k and $12.89k

Today’s Trend analysis

  • BTCUSD expected to see an uptrend as the price after getting a rejection from the upper band got midline support with higher lows
  • Price at time of publishing: $13,153
  • BTC’s market cap: $243 Billion
  • Oscillator indicators are mostly neutral. RSI at 62
  • 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 the price after getting a rejection from the upper band got midline support with higher lows. Most of the Oscillator indicators are neutral. MACD line approaching from below the signal line, with the histogram size decreasing in the negative region suggesting bearish bias. RSI at 62, in the neutral region. CCI at around 92, in the neutral region. 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 shift from buyers to sellers.

BTCUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 92 in the neutral region. RSI with a value of around 62 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
290
NameValueAction
Relative Strength Index (14)62.41Neutral
Stochastic %K (14, 3, 3)43.62Neutral
Commodity Channel Index (20)92.63Neutral
Average Directional Index (14)55.4Neutral
Awesome Oscillator174.25Neutral
Momentum (10)8.72Sell
MACD Level (12, 26)150.04Sell
Stochastic RSI Fast (3, 3, 14, 14)18.65Neutral
Williams Percent Range (14)−48.40Neutral
Bull Bear Power−8.24Neutral
Ultimate Oscillator (7, 14, 28)61.07Neutral

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)13083.27Buy
Simple Moving Average (5)13075.73Buy
Exponential Moving Average (10)13064.24Buy
Simple Moving Average (10)13077.93Buy
Exponential Moving Average (20)12981.03Buy
Simple Moving Average (20)13030.77Buy
Exponential Moving Average (30)12848.11Buy
Simple Moving Average (30)12978.98Buy
Exponential Moving Average (50)12576.57Buy
Simple Moving Average (50)12482.29Buy
Exponential Moving Average (100)12089.32Buy
Simple Moving Average (100)11932.77Buy
Exponential Moving Average (200)11613.97Buy
Simple Moving Average (200)11305.78Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)13025.13Neutral
Volume Weighted Moving Average (20)13036.9Buy
Hull Moving Average (9)13095.46Buy

Trade volume

In the recent few candles, the volume saw a decline in value as the price decreased, while saw an increase with the price increase. The total traded volume was between 2.35k and 775, with the volume being below the 20-candle moving average which decreased from 2.15k to 1.43k


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