BTCUSD - Sideways/Choppy Today. Price Technical Analysis #73
Market in last 24 hrs
- BTCUSD price saw a sudden downward movement with volume surge. Overall market moved 12%, between $8.2k and $9.2k
- Price at time of publishing: $8,740
- BTC’s market cap: $161 Billion
Today’s Trend analysis
Price should trend sideways today. Oscillators are neutral and compared to yesterday few more have now flipped to indicate sideways momentum. MACD is at -163, far below 0 and RSI & CCI are near neutral zone, indicating that neither bulls nor bears have enough control to drive the market.
Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto tokens. We are observing an increased trade volume and price volatility.
- Sideways/Choppy today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 44
- ‘Moving average‘ indicators are mixed. Ichimoku Cloud is neutral
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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 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 .
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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
- BTCUSD price saw a sudden downward movement with volume surge. Overall market moved 12%, between $8.2k and $9.2k
- Price at time of publishing: $8,740
- BTC’s market cap: $161 Billion
Today’s Trend analysis
Price should trend sideways today. Oscillators are neutral and compared to yesterday few more have now flipped to indicate sideways momentum. MACD is at -163, far below 0 and RSI & CCI are near neutral zone, indicating that neither bulls nor bears have enough control to drive the market.
Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto tokens. We are observing an increased trade volume and price volatility.
- Sideways/Choppy today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 44
- ‘Moving average‘ indicators are mixed. Ichimoku Cloud is neutral
----------------------------------------------------------------------------------------
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 .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
Trade closed manually:
BTCUSD moved up slightly.
