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

  • As predicted in the previous analysis, BTCUSD price continued consolidation
  • Price volatility was low. Market moved just ~1.5%, between $9.34k and $9.48k

Today’s Trend analysis

Price expected to trend sideways today. Most of the Oscillator indicators are neutral. MACD histogram is now in positive zone and MACD line is trending up, though still below 0. RSI has been flat for sometime now, oscillating below its midpoint 50, around 42. CCI, the more reactive oscillator, is moving between -50 and 0. All factors indicating that both bulls and bears are struggling. Overall, price is 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)42.71Neutral
Stochastic %K (14, 3, 3)45.02Neutral
Commodity Channel Index (20)−6.79Neutral
Average Directional Index (14)28.70Neutral
Awesome Oscillator−151.20Neutral
Momentum (10)−1.39Sell
MACD Level (12, 26)−57.68Buy
Stochastic RSI Fast (3, 3, 14, 14)55.61Neutral
Williams Percent Range (14)−56.96Neutral
Bull Bear Power−67.14Neutral
Ultimate Oscillator (7, 14, 28)56.92Neutral

Moving Average Indicators

Moving average (MA) indicator are pointing 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.

BuyNeutralSell
3113
NameValueAction
Exponential Moving Average (5)9416.54Sell
Simple Moving Average (5)9415.91Sell
Exponential Moving Average (10)9426.41Sell
Simple Moving Average (10)9423.00Sell
Exponential Moving Average (20)9466.29Sell
Simple Moving Average (20)9413.77Sell
Exponential Moving Average (30)9504.49Sell
Simple Moving Average (30)9542.76Sell
Exponential Moving Average (50)9545.05Sell
Simple Moving Average (50)9602.78Sell
Exponential Moving Average (100)9531.81Sell
Simple Moving Average (100)9615.10Sell
Exponential Moving Average (200)9336.18Buy
Simple Moving Average (200)9456.10Sell
Ichimoku Cloud Base Line (9, 26, 52, 26)9545.16Neutral
Volume Weighted Moving Average (20)9392.08Buy
Hull Moving Average (9)9408.44Buy

Trade volume

Trade volume has been lower than the average value since last 2 days, indicating that the trend will change soon.


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