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 downtrend with the price getting the upper band rejection
  • Price volatility was high. The market moved ~1.51%, between $13.87k and $13.66k

Today’s Trend analysis

  • BTCUSD expected to see a downtrend as the price after getting upper band rejection decreased confirming by volume for a downtrend continuation
  • Price at time of publishing: $13,448
  • BTC’s market cap: $249 Billion
  • Oscillator indicators are mostly neutral. RSI at 42
  • Moving average indicators are indicating a downtrend Ichimoku Cloud is neutral
  • Volume indicators observed increase in value for red candle while decreased for blue candle

Price expected to see a downtrend as the price after getting upper band rejection decreased confirming by volume for a downtrend continuation. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, with the histogram size increasing in the negative region suggesting bearish bias. RSI at 42, in the neutral region below the midline. CCI at around -109, in the oversold region indicating a downtrend. Another interesting point to notice here is that the volume observed an increase in value for red candles while decreased for blue candles indicating a shift from buyers to sellers.

BTCUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at -109 in the oversold region. RSI with a value of around 42 below 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)43.43Neutral
Stochastic %K (14, 3, 3)30.91Neutral
Commodity Channel Index (20)−109.13Neutral
Average Directional Index (14)26.4Sell
Awesome Oscillator173.92Neutral
Momentum (10)−383.84Buy
MACD Level (12, 26)78.81Sell
Stochastic RSI Fast (3, 3, 14, 14)4.52Neutral
Williams Percent Range (14)−98.66Neutral
Bull Bear Power−201.55Neutral
Ultimate Oscillator (7, 14, 28)41.61Neutral

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
1115

MOVING AVERAGES

NameValueAction
Exponential Moving Average (5)13638.34Sell
Simple Moving Average (5)13685.72Sell
Exponential Moving Average (10)13679.93Sell
Simple Moving Average (10)13728.2Sell
Exponential Moving Average (20)13641.43Sell
Simple Moving Average (20)13661.54Sell
Exponential Moving Average (30)13568.91Sell
Simple Moving Average (30)13541.92Sell
Exponential Moving Average (50)13387.76Buy
Simple Moving Average (50)13421.99Sell
Exponential Moving Average (100)12911.14Buy
Simple Moving Average (100)12816.76Buy
Exponential Moving Average (200)12265.91Buy
Simple Moving Average (200)11900.23Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)13546.5Neutral
Volume Weighted Moving Average (20)13627.54Sell
Hull Moving Average (9)13633.27Sell

Trade volume

In the recent few candles, the volume saw an increase from 567 to 2.18k for red candles while decreased from 1.05k to 811 for blue candles. The 20-candle moving average saw a decline from 2.20k to 1.80k.


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