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 4 hr candles.
You can find price analysis from previous days here.
Market in last 24hrs
- BTCUSD price saw a crazy and unexpected fall which was after the unexpected rise that happened day before yesterday
- Price volatility was high. Market moved ~10%, between $9.27k and $10.2k during a single 4hr candle
Today’s Trend analysis
- Weak downtrend today
- Price at time of publishing: $9,560
- BTC’s market cap: $176 Billion
- ‘Oscillator‘ indicators are mostly neutral. RSI at 49
- ‘Moving average‘ indicators are mixed. Ichimoku Cloud is neutral
Price expected to show a weak downtrend today. Most of the Oscillator indicators are neutral but compared to yesterday some have now flipped to indicate a downtrend. MACD histogram continues to be in negative zone and MACD is trending down. RSI is trending sideways and is now below the midpoint 50. CCI is trending slightly upward, currently trending at -22, below the mid value of 0. All factors indicating that bulls are struggling to maintain control. Overall, price is now expected to move downward.
Most of the oscillators are neutral and some more have now flipped to indicate a downtrend. Price is expected to move downward.
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. RSI is above 50 and MACD is pointing towards a buy opportunity.
|Relative Strength Index (14)||49.72||Neutral|
|Stochastic %K (14, 3, 3)||34.74||Neutral|
|Commodity Channel Index (20)||−22.39||Neutral|
|Average Directional Index (14)||25.27||Neutral|
|MACD Level (12, 26)||24.69||Sell|
|Stochastic RSI Fast (3, 3, 14, 14)||14.28||Neutral|
|Williams Percent Range (14)||−65.51||Neutral|
|Bull Bear Power||−105.73||Buy|
|Ultimate Oscillator (7, 14, 28)||62.38||Neutral|
Moving Average Indicators
Moving average (MA) indicator are mixed, some pointing towards an uptrend and other towards a downtrend. Ichimoku Cloud is neutral and Hull MA is indicating a buying 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.
|Exponential Moving Average (5)||9577.58||Buy|
|Simple Moving Average (5)||9550.47||Buy|
|Exponential Moving Average (10)||9610.43||Sell|
|Simple Moving Average (10)||9647.71||Sell|
|Exponential Moving Average (20)||9613.25||Sell|
|Simple Moving Average (20)||9646.92||Sell|
|Exponential Moving Average (30)||9576.32||Buy|
|Simple Moving Average (30)||9611.76||Sell|
|Exponential Moving Average (50)||9501.00||Buy|
|Simple Moving Average (50)||9448.24||Buy|
|Exponential Moving Average (100)||9376.45||Buy|
|Simple Moving Average (100)||9361.99||Buy|
|Exponential Moving Average (200)||9081.51||Buy|
|Simple Moving Average (200)||9280.53||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||9782.47||Neutral|
|Volume Weighted Moving Average (20)||9756.48||Sell|
|Hull Moving Average (9)||9556.90||Buy|
Trade volume during 12PM candle yesterday was almost 4x the average value.
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