This is #17 of BTC/USD daily price analysis, provided by Mudrex (nocode trading bot). This analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicators values are calculated using 1 day candles.

You can find the previous day’s analysis here.

Summary

Market

  • BTC/USD price saw a short uptrend yesterday to ~$10,300, after which the bears tried to take control but bulls were able to maintain the price above the crucial 5 digit mark $10,000
  • Price at time of publishing: $10,148
  • BTC’s market cap: $184 Billion

Trend analysis

Bitcoin has started showing an upward trend. The momentum is still weak and there are no clear indications where the price is headed. Indicators continue to represent the indecisiveness in the market and price is expected to continue the choppy behavior as it has shown over the last couple of days.

  • Weak uptrend
  • All ‘Moving average‘ indicators but 1 are unanimously indicating a uptrend
  • Oscillator‘ indicators remain neutral, with MACD indicating a sell opportunity

Moving Average Indicators

After the recent upward movement, all short term indicators have flipped to ‘buy’ side, which were earlier indicating sell opportunity.

BuyNeutralSell
1610
NameValueAction
Exponential Moving Average (5)10065.14Buy
Simple Moving Average (5)9975.83Buy
Exponential Moving Average (10)10014.8Buy
Simple Moving Average (10)10097.96Buy
Exponential Moving Average (20)9793.57Buy
Simple Moving Average (20)9836.58Buy
Exponential Moving Average (30)9543.33Buy
Simple Moving Average (30)9497.37Buy
Exponential Moving Average (50)9148.26Buy
Simple Moving Average (50)8937.03Buy
Exponential Moving Average (100)8756.02Buy
Simple Moving Average (100)8211.81Buy
Exponential Moving Average (200)8542.91Buy
Simple Moving Average (200)8865.31Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)9388.6Neutral
Volume Weighted Moving Average (20)9918.93Buy
Hull Moving Average (9)9926.29Buy

Oscillator indicators

Oscillators remain uncertain about the future price, indicating the lack of a clear momentum yet in the market.

BuyNeutralSell
191
NameValueAction
Relative Strength Index (14)60.33Neutral
Stochastic %K (14, 3, 3)61.33Neutral
Commodity Channel Index (20)66.04Neutral
Average Directional Index (14)33.11Neutral
Awesome Oscillator563.5Neutral
Momentum (10)−19.47Buy
MACD Level (12, 26)337.69Sell
Stochastic RSI Fast (3, 3, 14, 14)23.01Neutral
Williams Percent Range (14)−35.42Neutral
Bull Bear Power342.92Neutral
Ultimate Oscillator (7, 14, 28)59.57Neutral

Price Action

BTC/USD continues to oscillate in $10,500-$9,500 range with no clear direction. Overall the volatility has been low in Feb’20.


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