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 slight uptrend
- Price volatility was high. Market moved ~2.1%, between $9.1k and $9.31k
Today’s Trend analysis
- Uptrend bias shown by indicators, MACD crosses up 0
- Price at time of publishing: $9,291
- BTC’s market cap: $170 Billion
- Oscillator indicators are mostly neutral. RSI at 55
- Moving average indicators are biased towards uptrend. Ichimoku Cloud is neutral
- Volume indicators are mostly neutral with low volumes on both sides
Price expected to move with a upward bias as MACD crosses up 0 . Most of the Oscillator indicators are neutral. MACD crosses up 0, histogram increasing in size, which is a strong bullish sign. RSI above midline around 55, which is a weak bullish sign. CCI crossed above +100, this could lead to a strong trend as CCI attempted to cross +100 a few candles before . Another interesting point to notice here is that price has been in the upper part of bollinger band in this low volatility zone which creates an uptrend bias.
Oscillator indicators
Most of the oscillators are neutral. CCI went above +100, which is a bullish sign. CCI attempted to cross +100 a few candles back and could lead to a strong trend second time. RSI above midline and around 55.
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.
| Buy | Neutral | Sell |
| 1 | 9 | 1 |
| Name | Value | Action |
|---|---|---|
| Relative Strength Index (14) | 55.61 | Neutral |
| Stochastic %K (14, 3, 3) | 64.69 | Neutral |
| Commodity Channel Index (20) | 124.08 | Neutral |
| Average Directional Index (14) | 16.41 | Neutral |
| Awesome Oscillator | −8.52 | Neutral |
| Momentum (10) | 100.06 | Sell |
| MACD Level (12, 26) | 6.09 | Buy |
| Stochastic RSI Fast (3, 3, 14, 14) | 71.32 | Neutral |
| Williams Percent Range (14) | −23.03 | Neutral |
| Bull Bear Power | 54.26 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 45.84 | Neutral |
Moving Average Indicators
Moving average (MA) indicator are biased 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.
| Buy | Neutral | Sell |
| 16 | 1 | 0 |
| Name | Value | Action |
|---|---|---|
| Exponential Moving Average (5) | 9275.63 | Buy |
| Simple Moving Average (5) | 9273.09 | Buy |
| Exponential Moving Average (10) | 9263.47 | Buy |
| Simple Moving Average (10) | 9258.70 | Buy |
| Exponential Moving Average (20) | 9257.36 | Buy |
| Simple Moving Average (20) | 9241.30 | Buy |
| Exponential Moving Average (30) | 9253.13 | Buy |
| Simple Moving Average (30) | 9272.77 | Buy |
| Exponential Moving Average (50) | 9242.41 | Buy |
| Simple Moving Average (50) | 9247.81 | Buy |
| Exponential Moving Average (100) | 9242.85 | Buy |
| Simple Moving Average (100) | 9183.72 | Buy |
| Exponential Moving Average (200) | 9257.54 | Buy |
| Simple Moving Average (200) | 9300.60 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 9243.67 | Neutral |
| Volume Weighted Moving Average (20) | 9226.01 | Buy |
| Hull Moving Average (9) | 9291.66 | Buy |
Trade volume
Trades volumes have decreased as 20 candle moving average volume also drops suggesting low volatility. Recent candles saw increasing volume than others when MACD was crossing above 0 indicating an uptrend.
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