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 price riding the lower band
- Price volatility was very high. The market moved ~8.51%, between $17579k and $16200k
Today’s Trend analysis
- BTCUSD expected to see a continued downtrend as lower highs were observed with a local resistance observed
- Price at time of publishing: $16,809.09
- BTC’s market cap: $311 Billion
- Oscillator indicators are mostly neutral. RSI at 34
- Moving average indicators are indicating a downtrend Ichimoku Cloud is neutral
- Volume indicators observed an increase with the price decline while a decrease in volume was observed with an increase in price
Price expected to see a continued downtrend as lower highs were observed with a local resistance observed. 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 34, in the neutral region below the midline. CCI at around -94, in the neutral region with an up move from oversold. Another interesting point to notice here is that the volume observed an increase with the price decline while a decrease in volume was observed with an increase in price indicating strong selling pressure.
Oscillator indicators
Most of the oscillators are neutral. CCI at -94 in the neutral region. RSI with a value of around 34 in the neutral region below 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.
| Sell | Neutral | Buy |
| 1 | 9 | 1 |
| Name | Value | Action |
| Relative Strength Index (14) | 34.46 | Neutral |
| Stochastic %K (14, 3, 3) | 24.47 | Neutral |
| Commodity Channel Index (20) | −94.02 | Neutral |
| Average Directional Index (14) | 30.76 | Neutral |
| Awesome Oscillator | −1287.06 | Neutral |
| Momentum (10) | −2114.58 | Buy |
| MACD Level (12, 26) | −431.56 | Sell |
| Stochastic RSI Fast (3, 3, 14, 14) | 26.99 | Neutral |
| Williams Percent Range (14) | −80.06 | Neutral |
| Bull Bear Power | −1264.79 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 46.67 | Neutral |
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.
| Sell | Neutral | Buy |
| 14 | 1 | 2 |
| Name | Value | Action |
| Exponential Moving Average (5) | 17049.97 | Sell |
| Simple Moving Average (5) | 16947.84 | Sell |
| Exponential Moving Average (10) | 17359.11 | Sell |
| Simple Moving Average (10) | 17305.55 | Sell |
| Exponential Moving Average (20) | 17785.33 | Sell |
| Simple Moving Average (20) | 18173.85 | Sell |
| Exponential Moving Average (30) | 17947.69 | Sell |
| Simple Moving Average (30) | 18257.37 | Sell |
| Exponential Moving Average (50) | 17921.63 | Sell |
| Simple Moving Average (50) | 18292.42 | Sell |
| Exponential Moving Average (100) | 17313.82 | Sell |
| Simple Moving Average (100) | 17365.12 | Sell |
| Exponential Moving Average (200) | 16024.83 | Buy |
| Simple Moving Average (200) | 15739.16 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 17854 | Neutral |
| Volume Weighted Moving Average (20) | 18000.76 | Sell |
| Hull Moving Average (9) | 16951.72 | Sell |
Trade volume
In the recent few candles, the volume saw an increase with the price decline while a decrease in volume was observed with an increase in price. The total traded volume is between 2.2k and 11.69k. The 20-candle moving average saw an increase from 5.05k to 4.1k.
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