This #10 of daily price analysis on BTCUSD price provided by Mudrex. You can find the previous analysis here.

Summary

Market

  • BTC/USD
  • Price at time of publishing: $9780
  • BTC’s market cap: $177 Billion

Trend analysis

BTC dips below $10k once again at the rally continues to weaken. Continuation of the consolidation phase we have been seeing since the last few days.

  • BTC dipped gradually through the day as we see quite a bit of profit being taken. Consolidation in full swing. Markets will remain choppy.
  • Short term MAs are flipping. Long term Moving averages are still unanimously pointing up 📈.
  • Oscillators are back to neutral. Clear signs of uncertainty and consolidation the movement weakens

Moving Averages

All Moving averages are pointing toward the fact that there is a strong upward trend. There are some signs that this will flip. The Hull Moving Average which is a reactive MA in short term has just flipped from Buy to Sell. This indicates that there might be some short term reversal.

BuyNeutralSell
1313
NameValueAction
Exponential Moving Average (5)9834.09Sell
Simple Moving Average (5)9907.6Sell
Exponential Moving Average (10)9692.6Buy
Simple Moving Average (10)9668.09Buy
Exponential Moving Average (20)9387.72Buy
Simple Moving Average (20)9310.04Buy
Exponential Moving Average (30)9124.8Buy
Simple Moving Average (30)9106.13Buy
Exponential Moving Average (50)8771.02Buy
Simple Moving Average (50)8469.53Buy
Exponential Moving Average (100)8512.82Buy
Simple Moving Average (100)8124.67Buy
Exponential Moving Average (200)8408.03Buy
Simple Moving Average (200)8858.31Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)9213.18Neutral
Volume Weighted Moving Average (20)9320.4Buy
Hull Moving Average (9)10056.65Sell

Oscillators

Oscillators are uncertain about the future. CCI and Stoch have both moved back to Neutral. MACD is still in the buy zone but strength has been reducing. Clear consolidation on the cards. Markets will remain choppy before the next move.

BuyNeutralSell
344
Relative Strength Index (14)63.04Neutral
Stochastic %K (14, 3, 3)78.8Neutral
Commodity Channel Index (20)76Neutral
Average Directional Index (14)43.07Neutral
Awesome Oscillator931.24Neutral
Momentum (10)399.4Buy
MACD Level (12, 26)406.55Buy
Stochastic RSI Fast (3, 3, 14, 14)51.9Neutral
Williams Percent Range (14)−37.50Neutral
Bull Bear Power382.16Neutral
Ultimate Oscillator (7, 14, 28)63.08Neutral

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