Market in last 1 week
-BTCUSD saw a slight uptrend and then moved sideways
-Price volatility was very high. The market moved ~7.81%, between $11.99k and $11.12k
Today’s Trend analysis
-BTCUSD expected to see a sideways movement as Bollinger Band squeezes
-Price at time of publishing: $11,857
-BTC’s market cap: $219 Billion
-Oscillator indicators are mostly neutral. RSI at 65
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators observed a decrease in the last few candles with a constant increase in the 20-candle moving average
Price expected to see a sideways movement as Bollinger Band squeezes after the gap up that was observed. Most of the Oscillator indicators are neutral. MACD crossed below the signal line with histogram size increasing in the negative direction suggesting a bearish bias. RSI at 65, above the midline, still in the neutral region. CCI is around 90, also in the neutral region. Another interesting point to notice here is that the volumes increased at the starting of gap and down which was pretty higher than normal and now has started to decrease back to the normal level.
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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 1 D 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 .
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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
-BTCUSD saw a slight uptrend and then moved sideways
-Price volatility was very high. The market moved ~7.81%, between $11.99k and $11.12k
Today’s Trend analysis
-BTCUSD expected to see a sideways movement as Bollinger Band squeezes
-Price at time of publishing: $11,857
-BTC’s market cap: $219 Billion
-Oscillator indicators are mostly neutral. RSI at 65
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators observed a decrease in the last few candles with a constant increase in the 20-candle moving average
Price expected to see a sideways movement as Bollinger Band squeezes after the gap up that was observed. Most of the Oscillator indicators are neutral. MACD crossed below the signal line with histogram size increasing in the negative direction suggesting a bearish bias. RSI at 65, above the midline, still in the neutral region. CCI is around 90, also in the neutral region. Another interesting point to notice here is that the volumes increased at the starting of gap and down which was pretty higher than normal and now has started to decrease back to the normal level.
----------------------------------------------------------------------------------------
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 1 D 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 .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
