This #9 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: $10165
  • BTC’s market cap: $186 Billion

Trend analysis

BTC is looking to consolidate now around the 10k mark. It dipped just below 10k and came back up.

  • Upward trend in short term is weakning as signs of consolidation grow. Market is neutral.
  • Moving averages are still unanimously pointing up 📈.
  • Oscillators have flipped to sell now. 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. There are some signs that this will flip. The Hull Moving Average which is a reactive MA in short term has just flipped from Buy to Sell. This indicates that there might be some short term reversal.

BuyNeutralSell
1511
NameValueAction
Exponential Moving Average (5)9908.04Buy
Simple Moving Average (5)9932.02Buy
Exponential Moving Average (10)9698.77Buy
Simple Moving Average (10)9642.22Buy
Exponential Moving Average (20)9359.83Buy
Simple Moving Average (20)9261.28Buy
Exponential Moving Average (30)9088.69Buy
Simple Moving Average (30)9057.25Buy
Exponential Moving Average (50)8735.35Buy
Simple Moving Average (50)8423.07Buy
Exponential Moving Average (100)8490.01Buy
Simple Moving Average (100)8120.28Buy
Exponential Moving Average (200)8395.64Buy
Simple Moving Average (200)8859.37Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)9213.18Neutral
Volume Weighted Moving Average (20)9275.67Buy
Hull Moving Average (9)10176.59Sell

Oscillators

Oscillators are now pointing towards sell now. CCI and Stock RSI both are now pointing to sell from being neutral. This again shows that the market is in the consolidation phase. It looks like the price will dip in the short term before we see it rise again

BuyNeutralSell
344
NameValueAction
Relative Strength Index: RSI (14)69.1Neutral
Stochastic %K (14, 3, 3)94.18Sell
Commodity Channel Index: CCI (20)112.93Sell
Average Directional Index: ADX (14)43.08Neutral
Awesome Oscillator958.67Buy
Momentum (10)670.26Buy
MACD Level (12, 26)435.02Buy
Stochastic RSI Fast (3, 3, 14, 14)87.62Sell
Williams Percent Range (14)−15.21Sell
Bull Bear Power719.93Neutral
Ultimate Oscillator (7, 14, 28)68.08Neutral

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