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 1D candles.

You can find price analysis from previous days on blog here and on Tradingview here.


Analysis Summary

Market in last 1 week

  • BTCUSD saw an uptrend further with price reaching a high at 11.76k
  • Price volatility was very high. Market moved ~18.42%, between $11.76k and $9.93k

Today’s Trend analysis

  • BTCUSD expected to see a continued uptrend with Bollinger Band expanding
  • Price at time of publishing: $11,667
  • BTC’s market cap: $214 Billion
  • Oscillator indicators are mostly neutral. RSI at 84
  • Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
  • Volume indicators are indicating a decrease in volume in the last few candles indicating a slowdown of momentum.

Price expected to see a continued uptrend as higher lows have been observed and Bollinger Band expanding. Most of the Oscillator indicators are neutral. MACD histogram size remaining the same in the positive region indicating a momentum slowdown. RSI at 84, trending upwards, in the overbought region indicating a possible reversal. CCI is around 150, and in overbought region trending down. Another interesting point to notice here is that the Bollinger Band is expanding and the volume is decreasing while there is an increase in 20-candle moving average from last week.

BTCUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. CCI is around 150, in the overbought region. RSI in the overbought region around 84 trending up in last few candles.

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
452
NameValueAction
Relative Strength Index (14)84.51Sell
Stochastic %K (14, 3, 3)92.64Neutral
Commodity Channel Index (20)148.64Sell
Average Directional Index (14)40.77Neutral
Awesome Oscillator1564.28Buy
Momentum (10)2096.84Sell
MACD Level (12, 26)546.51Buy
Stochastic RSI Fast (3, 3, 14, 14)97.96Neutral
Williams Percent Range (14)−4.77Sell
Bull Bear Power1884.19Neutral
Ultimate Oscillator (7, 14, 28)67.54Neutral

Moving Average Indicators

Moving average (MA) indicators are biased towards an uptrend. Ichimoku Cloud is neutral and Hull MA is indicating a selling 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
1115

MOVING AVERAGES

NameValueAction
Exponential Moving Average (5)11201.46Buy
Simple Moving Average (5)11231.13Buy
Exponential Moving Average (10)10752.16Buy
Simple Moving Average (10)10602.26Buy
Exponential Moving Average (20)10238.05Buy
Simple Moving Average (20)9923.47Buy
Exponential Moving Average (30)9983.50Buy
Simple Moving Average (30)9695.11Buy
Exponential Moving Average (50)9707.80Buy
Simple Moving Average (50)9543.32Buy
Exponential Moving Average (100)9292.11Buy
Simple Moving Average (100)9363.22Buy
Exponential Moving Average (200)8886.50Buy
Simple Moving Average (200)8699.68Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)10394.81Neutral
Volume Weighted Moving Average (20)10364.59Buy
Hull Moving Average (9)11637.20Sell

Trade volume

In recent few candles, the volume is decreasing from 48.1k to 7.6k while there is a sudden increase in 20-candle moving average in the last week from 7.6k to 11.2k


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