Market in last 24hrs
- BTCUSD price saw a crazy and unexpected fall which was after the unexpected rise that happened day before yesterday
- Price volatility was high. Market moved ~10%, between $9.27k and $10.2k during a single 4hr candle
Today’s Trend analysis
- Weak downtrend today
- Price at time of publishing: $9,560
- BTC’s market cap: $176 Billion
- ‘Oscillator‘ indicators are mostly neutral. RSI at 49
- ‘Moving average‘ indicators are mixed. Ichimoku Cloud is neutral
Price expected to show a weak downtrend today. Most of the Oscillator indicators are neutral but compared to yesterday some have now flipped to indicate a downtrend. MACD histogram continues to be in negative zone and MACD is trending down. RSI is trending sideways and is now below the midpoint 50. CCI is trending slightly upward, currently trending at -22, below the mid value of 0. All factors indicating that bulls are struggling to maintain control. Overall, price is now expected to move downward.
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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 crazy and unexpected fall which was after the unexpected rise that happened day before yesterday
- Price volatility was high. Market moved ~10%, between $9.27k and $10.2k during a single 4hr candle
Today’s Trend analysis
- Weak downtrend today
- Price at time of publishing: $9,560
- BTC’s market cap: $176 Billion
- ‘Oscillator‘ indicators are mostly neutral. RSI at 49
- ‘Moving average‘ indicators are mixed. Ichimoku Cloud is neutral
Price expected to show a weak downtrend today. Most of the Oscillator indicators are neutral but compared to yesterday some have now flipped to indicate a downtrend. MACD histogram continues to be in negative zone and MACD is trending down. RSI is trending sideways and is now below the midpoint 50. CCI is trending slightly upward, currently trending at -22, below the mid value of 0. All factors indicating that bulls are struggling to maintain control. Overall, price is now expected to move downward.
----------------------------------------------------------------------------------------
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
