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 here.


Analysis Summary

Market in last 24hrs

  • As predicted in the previous analysis, BTCUSD price moved up
  • Price volatility was high. Market moved ~6.5%, between $9k and $9.6k

Today’s Trend analysis

Price expected to trend sideways today. Most of the Oscillator indicators are neutral. MACD histogram is now in positive zone and MACD line is trending up, though still below 0. RSI is trending almost flat, moving slightly above its midpoint 50. CCI, the more reactive oscillator, has crossed down 0. Another interesting point to notice is that volume is now flat, indicating that yesterday’s uptrend is not strong now. All factors indicating that both bulls and bears are struggling. Overall, price is expected to move sideways today.

BTCUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. Price is expected to move sideways.

Definition:- Oscillator indicators are based on 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. RSI is above 50 and MACD is pointing towards a buy opportunity.

BuyNeutralSell
272
NameValueAction
Relative Strength Index (14)55.25Neutral
Stochastic %K (14, 3, 3)90.52Sell
Commodity Channel Index (20)97.90Neutral
Average Directional Index (14)29.26Neutral
Awesome Oscillator27.76Buy
Momentum (10)125.63Sell
MACD Level (12, 26)−15.93Buy
Stochastic RSI Fast (3, 3, 14, 14)91.87Neutral
Williams Percent Range (14)−11.26Neutral
Bull Bear Power188.22Neutral
Ultimate Oscillator (7, 14, 28)67.42Neutral

Moving Average Indicators

Moving average (MA) indicator are pointing towards 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.

BuyNeutralSell
1313
NameValueAction
Exponential Moving Average (5)9470.05Buy
Simple Moving Average (5)9489.90Buy
Exponential Moving Average (10)9419.06Buy
Simple Moving Average (10)9344.29Buy
Exponential Moving Average (20)9412.76Buy
Simple Moving Average (20)9382.78Buy
Exponential Moving Average (30)9438.40Buy
Simple Moving Average (30)9390.03Buy
Exponential Moving Average (50)9483.46Buy
Simple Moving Average (50)9538.53Sell
Exponential Moving Average (100)9498.92Buy
Simple Moving Average (100)9602.29Sell
Exponential Moving Average (200)9337.16Buy
Simple Moving Average (200)9471.62Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)9248.16Neutral
Volume Weighted Moving Average (20)9320.11Buy
Hull Moving Average (9)9604.80Sell

Trade volume

Trade volume has been higher than the average value since last 2 days, both in negative and positive sides.


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