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 sideways movement with the price breaking and falling back to the midline
  • Price volatility was very high. The market moved ~5.47%, between $13.68k and $12.97k

Today’s Trend analysis

  • BTCUSD expected to see a downtrend as the price observed a midline resistance and the Bollinger band started to squeeze
  • Price at time of publishing: $13,365
  • BTC’s market cap: $245 Billion
  • Oscillator indicators are mostly neutral. RSI at 50
  • Moving average indicators are indicating a downtrend Ichimoku Cloud is neutral
  • Volume indicators observed a change from volume decreasing with price decline to volume increase with volume decline

Price expected to see a downtrend as the price observed a midline resistance and the Bollinger band started to squeeze. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, with the histogram size decreasing in the negative region suggesting bearish bias. RSI at 50, in the neutral region close to the midline. CCI at around -44, in the neutral region. Another interesting point to notice here is that the volume observed a change from volume decreasing with price decline to volume increase with volume decline indicating a shift from buyers to sellers.

BTCUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at -44 in the neutral region. RSI with a value of around 50 close to 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)50.3Neutral
Stochastic %K (14, 3, 3)43.57Neutral
Commodity Channel Index (20)−44.22Neutral
Average Directional Index (14)25.36Neutral
Awesome Oscillator174.74Neutral
Momentum (10)100.99Sell
MACD Level (12, 26)58.74Sell
Stochastic RSI Fast (3, 3, 14, 14)23.34Neutral
Williams Percent Range (14)−59.22Neutral
Bull Bear Power−133.88Buy
Ultimate Oscillator (7, 14, 28)48.39Neutral

Moving Average Indicators

Moving average (MA) indicators are indicating a downtrend. 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
917

MOVING AVERAGES

NameValueAction
Exponential Moving Average (5)13320.82Sell
Simple Moving Average (5)13381.19Sell
Exponential Moving Average (10)13331.78Sell
Simple Moving Average (10)13311.41Sell
Exponential Moving Average (20)13308.49Sell
Simple Moving Average (20)13391.87Sell
Exponential Moving Average (30)13242.09Buy
Simple Moving Average (30)13278.2Sell
Exponential Moving Average (50)13047.92Buy
Simple Moving Average (50)13167.82Buy
Exponential Moving Average (100)12565.27Buy
Simple Moving Average (100)12400.82Buy
Exponential Moving Average (200)11981.39Buy
Simple Moving Average (200)11635.77Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)13319.2Neutral
Volume Weighted Moving Average (20)13414.03Sell
Hull Moving Average (9)13362.21Sell

Trade volume

In the recent few candles, the volume initially decreased with price decline which changed to an increase in volume with price decline. With the total volume in between 4.41k and 1.43k. The 20-candle moving average increased from 2.733k to 2.956k.


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