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.


Analysis Summary

Market in last 24hrs

  • BTCUSD price continued consolidation
  • Price volatility was low. Market moved just ~1.5%, between $9.67k and $9.84k

Today’s Trend analysis

Price expected to trend sideways today. Most of the Oscillator indicators are neutral. MACD histogram continues to be in positive zone and MACD line is trending up. RSI has been flat for sometime now, oscillating around its midpoint 50. CCI, the more reactive oscillator, is moving between 0 and 100. All factors indicating that both bulls and bears are struggling. Overall, price is now expected to move sideways today.

BTCUSD 4hr price chart via tradingview

Oscillator indicators

Most of the oscillators are neutral. Price is expected to move sideways.

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.

BuyNeutralSell
191
NameValueAction
Relative Strength Index (14)55.93Neutral
Stochastic %K (14, 3, 3)57.72Neutral
Commodity Channel Index (20)89.63Neutral
Average Directional Index (14)9.52Neutral
Awesome Oscillator62.13Neutral
Momentum (10)94.03Sell
MACD Level (12, 26)22.73Buy
Stochastic RSI Fast (3, 3, 14, 14)67.53Neutral
Williams Percent Range (14)−36.73Neutral
Bull Bear Power54.09Neutral
Ultimate Oscillator (7, 14, 28)51.75Neutral

Moving Average Indicators

Moving average (MA) indicator are pointing towards an uptrend. 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.

BuyNeutralSell
1610
NameValueAction
Exponential Moving Average (5)9758.40Buy
Simple Moving Average (5)9755.91Buy
Exponential Moving Average (10)9746.74Buy
Simple Moving Average (10)9742.44Buy
Exponential Moving Average (20)9728.93Buy
Simple Moving Average (20)9725.93Buy
Exponential Moving Average (30)9713.64Buy
Simple Moving Average (30)9698.50Buy
Exponential Moving Average (50)9675.66Buy
Simple Moving Average (50)9678.99Buy
Exponential Moving Average (100)9566.56Buy
Simple Moving Average (100)9510.69Buy
Exponential Moving Average (200)9296.68Buy
Simple Moving Average (200)9410.66Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)9626.73Neutral
Volume Weighted Moving Average (20)9712.55Buy
Hull Moving Average (9)9760.31Buy

Trade volume

Trade volume has been lower than the average value.


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