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 followed by a decline in price to reach the midline support
  • Price volatility was high. The market moved ~5.85%, between $19469k and $18392k

Today’s Trend analysis

  • BTCUSD expected to see an uptrend as the price observed midline support with the Bollinger band started to expand
  • Price at time of publishing: $19,301
  • BTC’s market cap: $357 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 in volume with price increase followed by a decrease in volume with the decline in price

Price expected to see an uptrend as the price observed midline support with the Bollinger band started to expand. 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 62, in the neutral region above the midline. CCI at around 127, in the overbought region indicating a downtrend soon. Another interesting point to notice here is that the volume observed an increase in volume with price increase followed by a decrease in volume with the decline in price indicating a strong buying pressure.

BTCUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 131 in the overbought region. RSI with a value of around 62 in the neutral region above the midline.

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
191
NameValueAction
Relative Strength Index (14)62.77Neutral
Stochastic %K (14, 3, 3)72.39Neutral
Commodity Channel Index (20)131.7Neutral
Average Directional Index (14)14.31Neutral
Awesome Oscillator523.28Neutral
Momentum (10)845.27Sell
MACD Level (12, 26)258.94Buy
Stochastic RSI Fast (3, 3, 14, 14)46.65Neutral
Williams Percent Range (14)−9.24Neutral
Bull Bear Power594.68Neutral
Ultimate Oscillator (7, 14, 28)65.4Neutral

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)19089.23Buy
Simple Moving Average (5)19092.57Buy
Exponential Moving Average (10)18950.27Buy
Simple Moving Average (10)18905.9Buy
Exponential Moving Average (20)18752.82Buy
Simple Moving Average (20)18647.9Buy
Exponential Moving Average (30)18571.51Buy
Simple Moving Average (30)18655.58Buy
Exponential Moving Average (50)18181.66Buy
Simple Moving Average (50)18312.88Buy
Exponential Moving Average (100)17250.41Buy
Simple Moving Average (100)17096.26Buy
Exponential Moving Average (200)15827.53Buy
Simple Moving Average (200)15464.63Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)18521.06Neutral
Volume Weighted Moving Average (20)18704.94Buy
Hull Moving Average (9)19099.81Buy

Trade volume

In the recent few candles, the volume saw an increase with the price increase followed by a decrease in volume as the price declined. The total traded volume is between 1.37k and 7.04k. The 20-candle moving average saw an increase from 2.50k to 3.07k.


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