BTCUSD - Sideways/Choppy Today. Price Technical Analysis #79
Market in last 24 hrs
- As predicted in yesterday’s analysis, BTCUSD price consolidated. Both bulls and bears tried to gain control, but both failed. Market moved ~2%, between $9.4k and $9.7k
- Price at time of publishing: $9,680
- BTC’s market cap: $171 Billion
Today’s Trend analysis
Price should continue sideways trend today. Oscillators are mostly neutral and compared to yesterday more have switched to confirm neutral momentum. MACD histogram is in negative zone. RSI is at 55 and CCI at 37, both moving closer to neutral zone, confirming that bulls are loosing strength.
- Choppy/Sideways today
- ‘Oscillator‘ indicators are mostly neutral. RSI at 55
- ‘Moving average‘ indicators are indicating an uptrend. 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!
- As predicted in yesterday’s analysis, BTCUSD price consolidated. Both bulls and bears tried to gain control, but both failed. Market moved ~2%, between $9.4k and $9.7k
- Price at time of publishing: $9,680
- BTC’s market cap: $171 Billion
Today’s Trend analysis
Price should continue sideways trend today. Oscillators are mostly neutral and compared to yesterday more have switched to confirm neutral momentum. MACD histogram is in negative zone. RSI is at 55 and CCI at 37, both moving closer to neutral zone, confirming that bulls are loosing strength.
- Choppy/Sideways today
- ‘Oscillator‘ indicators are mostly neutral. RSI at 55
- ‘Moving average‘ indicators are indicating an uptrend. 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!
Trade closed: target reached:
As predicted in analysis above, BTCUSD price consolidated in are specified above.
