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 a gap up in price observed
  • Price volatility was very high. The market moved ~8.55%, between $19,915k and $18,345k

Today’s Trend analysis

  • BTCUSD expected to see a continued uptrend as price observed higher lows with Bollinger band moving upward
  • Price at time of publishing: $19,395.29
  • BTC’s market cap: $359 Billion
  • Oscillator indicators are mostly neutral. RSI at 66
  • Moving average indicators are indicating an uptrend Ichimoku Cloud is neutral
  • Volume indicators observed an increase with the price increase while a decrease in volume was observed with the price decline

Price expected to see a continued uptrend as price observed higher lows with Bollinger band moving upward. 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 66, in the neutral region above the midline. CCI at around 94, in the neutral region with an down move. Another interesting point to notice here is that the volume increase with the price increase while a decrease in volume was observed with the price decline indicating strong buying pressure.

BTCUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI at 94 in the neutral region. RSI with a value of around 65 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
173
NameValueAction
Relative Strength Index (14)65.69Neutral
Stochastic %K (14, 3, 3)80.79Sell
Commodity Channel Index (20)92.84Neutral
Average Directional Index (14)28.35Neutral
Awesome Oscillator1556.59Buy
Momentum (10)1305.98Buy
MACD Level (12, 26)469.94Buy
Stochastic RSI Fast (3, 3, 14, 14)68.89Neutral
Williams Percent Range (14)−25.17Neutral
Bull Bear Power1002.21Neutral
Ultimate Oscillator (7, 14, 28)59.25Neutral

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
2114

MOVING AVERAGES

NameValueAction
Exponential Moving Average (5)19353.31Buy
Simple Moving Average (5)19456.45Sell
Exponential Moving Average (10)19069.83Buy
Simple Moving Average (10)19064.63Buy
Exponential Moving Average (20)18632.62Buy
Simple Moving Average (20)18395.99Buy
Exponential Moving Average (30)18422.35Buy
Simple Moving Average (30)17898.14Buy
Exponential Moving Average (50)18208.61Buy
Simple Moving Average (50)18186.58Buy
Exponential Moving Average (100)17675.82Buy
Simple Moving Average (100)17891.34Buy
Exponential Moving Average (200)16489.07Buy
Simple Moving Average (200)16326.63Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)18176.74Neutral
Volume Weighted Moving Average (20)18729.55Buy
Hull Moving Average (9)19677.21Sell

Trade volume

In the recent few candles, the volume saw an increase with the price increase while a decrease in volume was observed with the price decline. The total traded volume is between 1.49k and 10.67k. The 20-candle moving average saw an increase from 2.4k to 2.88k.


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