This is #15 of BTC/USD daily price analysis, provided by Mudrex. You can find the previous analysis here.

Summary

Market

  • BTC/USD price has been been flat after the correction on 15th Feb, and now is mostly consolidated between $9,950-$9,750 level
  • Price at time of publishing: $9,819
  • BTC’s market cap: $179 Billion

Trend analysis

Bitcoin price is now in correction zone. With many indicators now swinging to ‘sell’ and ‘neutral’ side, there is indecisiveness in the market and price is expected to continue the choppy behavior it has shown over the last couple of days.

  • Neutral and choppy
  • Short term ‘Moving average‘ indicators have flipped to sell side
  • Oscillator‘ indicators are neutral. All signaling a choppy uncertain day

Moving Average Indicators

The moving averages are indicating a mixed outlook, with short term ones indicating a sell opportunity, whereas loner term averages indicating a buy opportunity.

BuyNeutralSell
1016
NameValueAction
Exponential Moving Average (5)9982.51Sell
Simple Moving Average (5)10057.05Sell
Exponential Moving Average (10)9962.59Sell
Simple Moving Average (10)10084.85Sell
Exponential Moving Average (20)9722.6Buy
Simple Moving Average (20)9764.86Buy
Exponential Moving Average (30)9462.28Buy
Simple Moving Average (30)9401.25Buy
Exponential Moving Average (50)9068.21Buy
Simple Moving Average (50)8820.44Buy
Exponential Moving Average (100)8700.86Buy
Simple Moving Average (100)8187.31Buy
Exponential Moving Average (200)8511.32Buy
Simple Moving Average (200)8870.98Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)9371.78Neutral
Volume Weighted Moving Average (20)9854.09Sell
Hull Moving Average (9)9914.79Sell

Oscillator indicators

Oscillators are uncertain about the future price with most indicators pointing a neutral trend now. Overall, price is expected to continue in the same range for sometime.

BuyNeutralSell
281
NameValueAction
Relative Strength Index (14)56.23Neutral
Stochastic %K (14, 3, 3)56.3Neutral
Commodity Channel Index (20)13.35Neutral
Average Directional Index (14)36.68Neutral
Awesome Oscillator758.98Neutral
Momentum (10)13.02Buy
MACD Level (12, 26)360.79Sell
Stochastic RSI Fast (3, 3, 14, 14)1Neutral
Williams Percent Range (14)−47.81Neutral
Bull Bear Power−118.85Buy
Ultimate Oscillator (7, 14, 28)57.72Neutral

Price Action

BTC/USD price action has been mostly neutral with movement in range $9,950-$9,750 in last couple of days.


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