This is #21 of BTC/USD daily trend 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 remaining 11 are oscillators. These indicators values are calculated using 1 day candles.
You can find price analysis from previous days here.
Summary
Market
- As predicted, price is not moving in any particular direction yet
- BTC has held support at ~$9,500. We might see a breach soon
- Price at time of publishing: $9,530
- BTC’s market cap: $175 Billion
Trend analysis
Bitcoin price movement is still not showing strong hints whether the price will move up or down. The market is expected to continue the choppy behavior as it has shown over the last couple of weeks.
- Choppy / Sideways
- ‘Moving average‘ indicators have shifted bias towards ‘sell’ side, specially the short term ones. Overall the no strong indication
- ‘Oscillator‘ indicators are mostly neutral. MACD continues to predict downward momentum
Moving Average Indicators
MAs are shifting towards ‘sell’ signal, effected by the slight downtrend we have seen in last couple of days.
| Buy | Neutral | Sell |
| 6 | 1 | 10 |
| Name | Value | Action |
|---|---|---|
| Exponential Moving Average (5) | 9697.29 | Sell |
| Simple Moving Average (5) | 9716.85 | Sell |
| Exponential Moving Average (10) | 9759.79 | Sell |
| Simple Moving Average (10) | 9761.85 | Sell |
| Exponential Moving Average (20) | 9721.35 | Sell |
| Simple Moving Average (20) | 9914.08 | Sell |
| Exponential Moving Average (30) | 9570.56 | Sell |
| Simple Moving Average (30) | 9715.09 | Sell |
| Exponential Moving Average (50) | 9248.70 | Buy |
| Simple Moving Average (50) | 9211.48 | Buy |
| Exponential Moving Average (100) | 8852.96 | Buy |
| Simple Moving Average (100) | 8271.84 | Buy |
| Exponential Moving Average (200) | 8605.07 | Buy |
| Simple Moving Average (200) | 8803.88 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 9798.54 | Neutral |
| Volume Weighted Moving Average (20) | 9961.97 | Sell |
| Hull Moving Average (9) | 9722.10 | Sell |
Oscillator indicators
Most of the oscillators continue to indicate a neutral momentum, i.e. no indication where the price is headed. Choppy and sideways movement is expected to continue.
| Buy | Neutral | Sell |
| 1 | 8 | 2 |
| Name | Value | Action |
|---|---|---|
| Relative Strength Index (14) | 48.91 | Neutral |
| Stochastic %K (14, 3, 3) | 36.23 | Neutral |
| Commodity Channel Index (20) | −106.91 | Neutral |
| Average Directional Index (14) | 22.82 | Neutral |
| Awesome Oscillator | 172.09 | Neutral |
| Momentum (10) | −341.28 | Sell |
| MACD Level (12, 26) | 131.53 | Sell |
| Stochastic RSI Fast (3, 3, 14, 14) | 10.62 | Neutral |
| Williams Percent Range (14) | −77.88 | Neutral |
| Bull Bear Power | −369.55 | Buy |
| Ultimate Oscillator (7, 14, 28) | 50.04 | Neutral |
Price Action
BTC/USD continues to oscillate in $10,500-$9,500 range with no clear direction. Indecisiveness in the market continues and the volatility has been low in Feb’20.
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