Market in last 24hrs - BTCUSD price moved down - Price volatility was high. Market moved ~4%, between 9.3k and 9.7k
Today’s Trend analysis - Weak downtrend today - Price at time of publishing: $9,364 - BTC’s market cap: $171 Billion - Oscillator indicators are neutral. RSI at 42 - Moving average indicators are indicating a downtrend. Ichimoku Cloud is neutral - Volume indicators are mostly neutral
Price expected to continue downtrend today. Most of the Oscillator indicators are neutral. MACD line is trending down but is above 0 with MACD histogram in negative zone now, indicating that the overall trend is still positive. RSI is trending down, moving near 42. CCI, the more reactive oscillator, is now near -100, indicating the bears have gained strength. Another interesting point to notice is that on balance volume indicator, which is a leading indicator, is trending slightly down. All factors indicating that bears are stronger. Overall, price is expected to move down today.
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .