This #8 of daily price analysis on BTCUSD price provided by Mudrex. You can find the previous analysis here.

Summary

Market

  • BTC/USD
  • Price at time of publishing: $10106
  • BTC’s market cap: $183 Billion

Trend analysis

BTC broke the $10K barrier for the first time in 5 months. The growth seems to be less and less driven by hype!

  • Strong Bullish Trend
  • Moving averages are unanimously pointing up 📈
  • Oscillators are more or less neutral. Markets will look to consolidate before this strong upmove continues.

Moving Averages

All Moving averages are pointing toward the fact that there is a strong upward trend. This is a continuation of the upward move we have been witnessing since the last few days. Ichimoku lines are back to neutral but not dipped to sell yet.

BuyNeutralSell
1610
NameValueAction
Exponential Moving Average (5)9840.32Buy
Simple Moving Average (5)9842.06Buy
Exponential Moving Average (10)9620.01Buy
Simple Moving Average (10)9568.8Buy
Exponential Moving Average (20)9286.26Buy
Simple Moving Average (20)9193.88Buy
Exponential Moving Average (30)9021.66Buy
Simple Moving Average (30)8989.21Buy
Exponential Moving Average (50)8681.19Buy
Simple Moving Average (50)8372.04Buy
Exponential Moving Average (100)8458.22Buy
Simple Moving Average (100)8112.71Buy
Exponential Moving Average (200)8378.87Buy
Simple Moving Average (200)8858.6Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)9198.64Neutral
Volume Weighted Moving Average (20)9204.88Buy
Hull Moving Average (9)10074.24Buy

Oscillators

Oscillators are more-or-less neutral. This might indicate that peak growth has happened and we might see some recovery over the next few days. It would be interesting to see how they change!

BuyNeutralSell
362
NameValueAction
Relative Strength Index : RSI (14)73.66Sell
Stochastic %K (14, 3, 3)96.8Neutral
Commodity Channel Index: CCI (20)138.87Neutral
Average Directional Index: ADX (14)43.1Neutral
Awesome Oscillator918.84Buy
Momentum (10)606.71Buy
MACD Level (12, 26)426.37Buy
Stochastic RSI Fast (3, 3, 14, 14)99.01Neutral
Williams Percent Range (14)−4.13Sell
Bull Bear Power1033.75Neutral
Ultimate Oscillator (7, 14, 28)62.59Neutral

About:

Mudrex platform helps traders build algo trading bots using Technical analysis based indicators. Mudrex Marketplace is collection of reviewed and verified funds created by the best traders on Mudrex. Traders create these funds using their trading bots. Individual investors can invest in in them for a monthly fee and gain the benefits of passive investing! Signup today: https://mudrex.com/