Market in last 24hrs
Price expected to see a sideways movement as the price is trading between the lower band and midline, lower band giving the support with the Bollinger band expansion taking place. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, with the histogram size decreasing in the negative region suggesting bearish bias. RSI at 37, below the midline in the neutral region. CCI at around -96, in the neutral region with an upmove. Another interesting point to notice here is that the volume observed an increase as the price decreased while saw a decrease in volume as price moved sideways indicating a strenghten selling pressure.
----------------------------------------------------------------------------------------
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 4Hr candles.
DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community as well as follow to stay updated with new ideas!
- Mudrex
- BTCUSD saw a downtrend breaking the lower Bollinger band
- Price volatility was high. The market moved ~7.16%, between $10.9k and $10.18k
- BTCUSD expected to see a sideways movement as the price is trading between the lower band and midline, lower band giving the support with the Bollinger band expansion taking place
- Price at time of publishing: $10,473
- BTC’s market cap: $194 Billion
- Oscillator indicators are mostly neutral. RSI at 37
- Moving average indicators are indicating a downtrend. Ichimoku Cloud is neutral
- Volume indicators observed an increase as the price decreased while saw a decrease in volume as price moved sideways
Price expected to see a sideways movement as the price is trading between the lower band and midline, lower band giving the support with the Bollinger band expansion taking place. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, with the histogram size decreasing in the negative region suggesting bearish bias. RSI at 37, below the midline in the neutral region. CCI at around -96, in the neutral region with an upmove. Another interesting point to notice here is that the volume observed an increase as the price decreased while saw a decrease in volume as price moved sideways indicating a strenghten selling pressure.
----------------------------------------------------------------------------------------
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 4Hr candles.
DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community as well as follow to stay updated with new ideas!
- Mudrex
