This #12 of daily price analysis on BTCUSD price provided by Mudrex. You can find the previous analysis here.

Summary

Market

  • BTC/USD at local maxima
  • Price at time of publishing: $10460
  • BTC’s market cap: $190 Billion

Trend analysis

As predicted yesterday, the price has continued to move up. Price action shows that BTC saw steady growth throughout the day. The move looks strong and some oscillators switch back to neutral.

  • Overall Strong bullish trend.
  • Moving averages are unanimously pointing up. Price should only move up now 📈
  • Oscillators are mixed. Looks like the large rise will see minor corrections today before the upward movement continues

Moving Averages

All Moving averages are up. There could not be a stronger signal of upmove.

BuyNeutralSell
1610
NameValueAction
Exponential Moving Average (5)10230.64Buy
Simple Moving Average (5)10222.23Buy
Exponential Moving Average (10)9989.99Buy
Simple Moving Average (10)9938.41Buy
Exponential Moving Average (20)9611.2Buy
Simple Moving Average (20)9534.35Buy
Exponential Moving Average (30)9312.72Buy
Simple Moving Average (30)9251.65Buy
Exponential Moving Average (50)8914.58Buy
Simple Moving Average (50)8606.51Buy
Exponential Moving Average (100)8596.42Buy
Simple Moving Average (100)8150.36Buy
Exponential Moving Average (200)8452.38Buy
Simple Moving Average (200)8869.82Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)9356.91Neutral
Volume Weighted Moving Average (20)9625.38Buy
Hull Moving Average (9)10420.77Buy

Oscillators

Oscillators are uncertain about the future. Most are neutral. However some have moved from sell to neutral indicating that we might still see some choppiness and correction RSI is pointing down.

BuyNeutralSell
263
NameValueAction
Relative Strength Index (14)72.58Sell
Stochastic %K (14, 3, 3)93.08Neutral
Commodity Channel Index (20)140.07Sell
Average Directional Index (14)44.42Neutral
Awesome Oscillator1066.45Buy
Momentum (10)1181.94Sell
MACD Level (12, 26)482.15Buy
Stochastic RSI Fast (3, 3, 14, 14)79.43Neutral
Williams Percent Range (14)−1.92Neutral
Bull Bear Power1088.25Neutral
Ultimate Oscillator (7, 14, 28)65.38Neutral

Price Action

We saw very steady growth throughout the day. You can see multiple spikes of activity in volume which points toward profit booking at different levels. We should see this continue today!


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