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 very high. The market moved ~5.92%, between $13.86k and $13.08k

Today’s Trend analysis

  • BTCUSD expected to see a downtrend as the price after riding the upper band got a rejection from the upper band with Bollinger band expanding and lower highs observed
  • Price at time of publishing: $13,435
  • BTC’s market cap: $251 Billion
  • Oscillator indicators are mostly neutral. RSI at 60
  • Moving average indicators are indicating an uptrend Ichimoku Cloud is neutral
  • Volume indicators observed a change from an increase in volume with a price increase to a decrease in volume with a price decline

Price expected to see a downtrend as the price after riding the upper band got a rejection from the upper band with Bollinger band expanding and lower highs observed. 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 60, in the neutral region with a downmove. CCI at around 80, in the neutral region with a pullback from overbought. Another interesting point to notice here is that the volume observed a change from an increase in volume with a price increase to a decrease in volume with a 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 64 in the neutral region. RSI with a value of around 60 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
083
NameValueAction
Relative Strength Index (14)60.99Neutral
Stochastic %K (14, 3, 3)80.76Neutral
Commodity Channel Index (20)64.77Neutral
Average Directional Index (14)47.88Neutral
Awesome Oscillator522.68Buy
Momentum (10)488.53Buy
MACD Level (12, 26)217.24Buy
Stochastic RSI Fast (3, 3, 14, 14)66.7Neutral
Williams Percent Range (14)−33.26Neutral
Bull Bear Power294.65Neutral
Ultimate Oscillator (7, 14, 28)63.32Neutral

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
3113

MOVING AVERAGES

NameValueAction
Exponential Moving Average (5)13587.46Sell
Simple Moving Average (5)13657.12Sell
Exponential Moving Average (10)13489.99Buy
Simple Moving Average (10)13464.99Buy
Exponential Moving Average (20)13322.92Buy
Simple Moving Average (20)13250.91Buy
Exponential Moving Average (30)13176.69Buy
Simple Moving Average (30)13180.59Buy
Exponential Moving Average (50)12899.27Buy
Simple Moving Average (50)12921.51Buy
Exponential Moving Average (100)12370.3Buy
Simple Moving Average (100)12179.64Buy
Exponential Moving Average (200)11815.65Buy
Simple Moving Average (200)11481.47Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)13319.2Neutral
Volume Weighted Moving Average (20)13381.15Buy
Hull Moving Average (9)13746.38Sell

Trade volume

In the recent few candles, the volume saw an increase from 959 to 5.47k with price increase which changed to increase in volume with a decline in price, making the total traded volume between 5.47k and 959, mostly above the 20-candle moving average which increased from 1.59k to 2.18k.


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