Mudrex

BTC - Consolidation Today, But Change in Trend Not Far Away!

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Market in last 24hrs
- As predicted in the previous analysis, BTCUSD price consolidated yesterday
- Price volatility was lower compared to last few days. Market moved ~2.5%, between $9.3k and $9.55k

Today’s Trend analysis
- Sideways today
- Price at time of publishing: $9,440
- BTC’s market cap: $167 Billion
- ‘Oscillator‘ indicators are neutral. RSI at 42
- ‘Moving average‘ indicators are indicating a downtrend. Ichimoku Cloud is neutral

Price expected to trend sideways today. Most of the Oscillator indicators are neutral. MACD histogram is now is still in negative zone but about to coss up 0 and MACD line about to cross up MACD signal, which is a bullish signal, but both RSI and CCI are below their mid-points, indicating that the selling is not over yet. Overall, price is now expected to move sideways today.

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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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- Mudrex
Trade closed: target reached: As predicted in the above analysis, BTCUSD price consolidated in defined range.


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