Market in last 24hrs
- BTCUSD price saw a local bottom
- Price volatility was low. Market moved ~2%, between $9.23k and $9.43k
Today’s Trend analysis
- Downtrend today
- Price at time of publishing: $9,380
- BTC’s market cap: $171 Billion
- ‘Oscillator‘ indicators are neutral. RSI at 49
- ‘Moving average‘ indicators are indicating a downtrend. Ichimoku Cloud is neutral
Price expected to trend downwards today. Most of the Oscillator indicators are neutral with a bias towards sell side. MACD histogram is in negative zone and MACD line is tending flat. RSI is trending almost flat, moving slightly below its midpoint 50. CCI, the more reactive oscillator, is trending down and below 0. Another interesting point to notice is that green candles are not supported by volume, indicating that the buying is weak. All factors indicating that both bulls are struggling. Overall, price is expected to move down 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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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
- BTCUSD price saw a local bottom
- Price volatility was low. Market moved ~2%, between $9.23k and $9.43k
Today’s Trend analysis
- Downtrend today
- Price at time of publishing: $9,380
- BTC’s market cap: $171 Billion
- ‘Oscillator‘ indicators are neutral. RSI at 49
- ‘Moving average‘ indicators are indicating a downtrend. Ichimoku Cloud is neutral
Price expected to trend downwards today. Most of the Oscillator indicators are neutral with a bias towards sell side. MACD histogram is in negative zone and MACD line is tending flat. RSI is trending almost flat, moving slightly below its midpoint 50. CCI, the more reactive oscillator, is trending down and below 0. Another interesting point to notice is that green candles are not supported by volume, indicating that the buying is weak. All factors indicating that both bulls are struggling. Overall, price is expected to move down today.
----------------------------------------------------------------------------------------
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 closed: target reached:
As predicted in the analysis yesterday, BTCUSD price consolidated.
