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 continued consolidation
- Price volatility was low. Market moved just ~2%, between $9.55k and $9.7k
Today’s Trend analysis
- Downtrend today
- Price at time of publishing: $9,470
- BTC’s market cap: $174 Billion
- ‘Oscillator‘ indicators are mostly neutral with a bias towards sell side. RSI at 38
- ‘Moving average‘ indicators are indicating a downtrend. Ichimoku Cloud is neutral
Price expected to trend down 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 and CCI are trending down. RSI is now below the midpoint 50 and CCI is below -100. All factors indicating that bulls have lost strength and bears are in control now. Overall, price is now expected to move downward.
Most of the oscillators are neutral with a strong bias towards sell side. 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)||37.83||Neutral|
|Stochastic %K (14, 3, 3)||25.77||Neutral|
|Commodity Channel Index (20)||−206.06||Neutral|
|Average Directional Index (14)||13.06||Neutral|
|MACD Level (12, 26)||−16.92||Sell|
|Stochastic RSI Fast (3, 3, 14, 14)||8.28||Neutral|
|Williams Percent Range (14)||−76.36||Neutral|
|Bull Bear Power||−306.35||Neutral|
|Ultimate Oscillator (7, 14, 28)||48.04||Neutral|
Moving Average Indicators
Moving average (MA) indicator are mixed. Most short term MA are pointing towards a downtrend and long term MA are pointing towards an uptrend. Ichimoku Cloud is neutral and Hull MA is indicating a selling 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)||9581.38||Sell|
|Simple Moving Average (5)||9611.32||Sell|
|Exponential Moving Average (10)||9620.21||Sell|
|Simple Moving Average (10)||9629.08||Sell|
|Exponential Moving Average (20)||9645.58||Sell|
|Simple Moving Average (20)||9683.99||Sell|
|Exponential Moving Average (30)||9641.97||Sell|
|Simple Moving Average (30)||9648.17||Sell|
|Exponential Moving Average (50)||9601.86||Sell|
|Simple Moving Average (50)||9653.39||Sell|
|Exponential Moving Average (100)||9486.49||Sell|
|Simple Moving Average (100)||9392.68||Buy|
|Exponential Moving Average (200)||9204.04||Buy|
|Simple Moving Average (200)||9373.89||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||9622.00||Neutral|
|Volume Weighted Moving Average (20)||9698.82||Sell|
|Hull Moving Average (9)||9573.38||Sell|
Trade volume during 12PM candle yesterday was almost 2x the average trade volume.
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