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 moved sideways as Bollinger Band squeezes
  • Price volatility was high. Market moved ~4.67%, between $11.35k and $10.84k

Today’s Trend analysis

Price expected to see a continued uptrend as higher lows have been observed. Most of the Oscillator indicators are neutral. MACD histogram is negative, size decreasing in the negative region. RSI at 64, trending downwards, still above midline indicating bullish signal. CCI is around 89, and still in neutral region increasing from last few candles. Another interesting point to notice here is that the Bollinger Band has squeezed indicating low volatility as volume is still below 20-candle moving average.

BTCUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI is around 89, still in the neutral region. RSI above midline around 64 trending down as shown by the trendline.

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.

SellNeutralBuy
191
NameValueAction
Relative Strength Index (14)64.07Neutral
Stochastic %K (14, 3, 3)49.87Neutral
Commodity Channel Index (20)73.35Neutral
Average Directional Index (14)51.92Neutral
Awesome Oscillator414.83Neutral
Momentum (10)−66.02Buy
MACD Level (12, 26)206.40Sell
Stochastic RSI Fast (3, 3, 14, 14)19.31Neutral
Williams Percent Range (14)−40.82Neutral
Bull Bear Power228.22Neutral
Ultimate Oscillator (7, 14, 28)55.16Neutral

Moving Average Indicators

Moving average (MA) indicators 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.

SellNeutralBuy
0116

MOVING AVERAGES

NameValueAction
Exponential Moving Average (5)11100.33Buy
Simple Moving Average (5)11106.02Buy
Exponential Moving Average (10)11068.15Buy
Simple Moving Average (10)11053.01Buy
Exponential Moving Average (20)10943.58Buy
Simple Moving Average (20)11050.82Buy
Exponential Moving Average (30)10777.06Buy
Simple Moving Average (30)10821.61Buy
Exponential Moving Average (50)10480.93Buy
Simple Moving Average (50)10337.78Buy
Exponential Moving Average (100)10045.43Buy
Simple Moving Average (100)9775.83Buy
Exponential Moving Average (200)9709.52Buy
Simple Moving Average (200)9485.76Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)10773.56Neutral
Volume Weighted Moving Average (20)11058.54Buy
Hull Moving Average (9)11128.31Buy

Trade volume

In recent few candles, the volume is decreasing from 2.3 to 1.08 which is less than the 20 candle moving average which has also decreased from 4.1 to 2.78 indicating low volatility ahead.


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