Market in last 24hrs
-BTCUSD saw a downtrend further and got support from lower Bollinger Band
-Price volatility was high. The market moved ~5.89%, between $11.77k and $11.12k
Today’s Trend analysis
-BTCUSD expected to see a sideways movement with a slight bullish bias
-Price at time of publishing: $11,516
-BTC’s market cap: $212 Billion
-Oscillator indicators are mostly neutral. RSI at 45.
-Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral
-Volume indicators observed a decrease in volume as the price reversal took place
Price expected to see a sideways movement with a slight bullish bias as price got support from lower band. Most of the Oscillator indicators are neutral. MACD approaching the signal line from below with histogram decreasing in size in negative direction. RSI at 45, below midline with an upmove in the neutral region. CCI at -65, in the neutral region, got back from oversold region with an upmove. Another interesting point to notice here is that the Bollinger band expansion is taking place as well as the decrease in volume with an increase in the 20-candle moving average.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the 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 downtrend further and got support from lower Bollinger Band
-Price volatility was high. The market moved ~5.89%, between $11.77k and $11.12k
Today’s Trend analysis
-BTCUSD expected to see a sideways movement with a slight bullish bias
-Price at time of publishing: $11,516
-BTC’s market cap: $212 Billion
-Oscillator indicators are mostly neutral. RSI at 45.
-Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral
-Volume indicators observed a decrease in volume as the price reversal took place
Price expected to see a sideways movement with a slight bullish bias as price got support from lower band. Most of the Oscillator indicators are neutral. MACD approaching the signal line from below with histogram decreasing in size in negative direction. RSI at 45, below midline with an upmove in the neutral region. CCI at -65, in the neutral region, got back from oversold region with an upmove. Another interesting point to notice here is that the Bollinger band expansion is taking place as well as the decrease in volume with an increase in the 20-candle moving average.
----------------------------------------------------------------------------------------
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the 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
