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 ~8.16%, between $14.68k and $13.58k

Today’s Trend analysis

  • BTCUSD expected to see a slight uptrend as the price has been riding the upper band with the Bollinger band expansion
  • Price at time of publishing: $14,652
  • BTC’s market cap: $270 Billion
  • Oscillator indicators are mostly neutral. RSI at 70
  • Moving average indicators are indicating an uptrend Ichimoku Cloud is neutral
  • Volume indicators observed an increase in value for the price increase

Price expected to see a slight uptrend as the price has been riding the upper band with the Bollinger band expansion. 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 70, in the overbought region indicating a downtrend. CCI at around 160, in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed an increase in value for the price increase indicating strong buying pressure.

BTCUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 160 in the overbought region. RSI with a value of around 70 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
443
NameValueAction
Relative Strength Index (14)70.43Sell
Stochastic %K (14, 3, 3)94.94Neutral
Commodity Channel Index (20)167.53Sell
Average Directional Index (14)26.39Neutral
Awesome Oscillator498.1Buy
Momentum (10)839.57Sell
MACD Level (12, 26)212.34Buy
Stochastic RSI Fast (3, 3, 14, 14)100Neutral
Williams Percent Range (14)−7.86Sell
Bull Bear Power897.64Neutral
Ultimate Oscillator (7, 14, 28)71.12Buy

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
1115

MOVING AVERAGES

NameValueAction
Exponential Moving Average (5)14347.3Buy
Simple Moving Average (5)14336.14Buy
Exponential Moving Average (10)14151.94Buy
Simple Moving Average (10)14089.06Buy
Exponential Moving Average (20)13957.44Buy
Simple Moving Average (20)13826.89Buy
Exponential Moving Average (30)13845.81Buy
Simple Moving Average (30)13810.09Buy
Exponential Moving Average (50)13661.15Buy
Simple Moving Average (50)13652.6Buy
Exponential Moving Average (100)13206.15Buy
Simple Moving Average (100)13250.34Buy
Exponential Moving Average (200)12530.22Buy
Simple Moving Average (200)12187.7Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)13950Neutral
Volume Weighted Moving Average (20)13853.54Buy
Hull Moving Average (9)14579.7Sell

Trade volume

In the recent few candles, the volume saw an increase from 1.03k to 4.98k with the price increasing. The traded volume was above the 20-candle moving average which increased from 1.89k to 2.47k


About Mudrex

Mudrex platform helps traders build no-code Algo trading bots using Technical analysis based indicators.

Mudrex Invest is a collection of reviewed and verified funds created by professional traders on Mudrex. Traders create these funds using their trading bots. Individual investors can invest in them for a monthly fee and gain the benefits of passive investing!
Signup today: https://mudrex.com/