BTCUSD - Trend Reversal Today. Price Technical Analysis #61
Market in last 24 hrs
- BTCUSD price moved in a range of +/-100 around yesterday starting price of $7,660
- Price at time of publishing: $7,730
- BTC’s market cap: $149 Billion
Today’s Trend analysis
Price should see a trend reversal today. Oscillators are mostly neutral but with a stronger bias towards sell side. MACD is indicating a sell opportunity and CCI is in overbought zone. Bears are now gaining control and should act soon.
Another interesting point to notice is the correlation between US stock markets (S&P500, etc) and BTC price, which is at currently trending at its all time high.
- Downtrend today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 66
- ‘Moving average‘ indicators indicating buying opportunity
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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 moved in a range of +/-100 around yesterday starting price of $7,660
- Price at time of publishing: $7,730
- BTC’s market cap: $149 Billion
Today’s Trend analysis
Price should see a trend reversal today. Oscillators are mostly neutral but with a stronger bias towards sell side. MACD is indicating a sell opportunity and CCI is in overbought zone. Bears are now gaining control and should act soon.
Another interesting point to notice is the correlation between US stock markets (S&P500, etc) and BTC price, which is at currently trending at its all time high.
- Downtrend today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 66
- ‘Moving average‘ indicators indicating buying opportunity
----------------------------------------------------------------------------------------
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 active:
BTCUSD is in the range. We will continue the trade.
