BTCUSD to see an uptrend(4Hr)! | Price supported with BB squeeze

Market in last 24hrs

• BTCUSD saw a downtrend as the price after declining to get support from the lower band to consolidate
  
• Price volatility was high. The market moved ~3.92%, between $10.54k and $10.31k
  

Today’s Trend analysis

• BTCUSD expected to see an uptrend, price trading between midline and lower band followed by getting support from the lower band with Bollinger band expansion
  
• Price at time of publishing: $10,409
  
• BTC’s market cap: $192 Billion
  
• Oscillator indicators are mostly neutral. RSI at 42
  
• Moving average indicators are indicating a downtrend. Ichimoku Cloud is neutral
  
• Volume indicators from observing a decrease in volume as a price increase to increase in volume as the price increased
  

Price expected to see an uptrend, price trading between midline and lower band followed by getting support from the lower band with Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line approaching signal line from below, with the histogram size decreasing in the negative region suggesting bearish bias. RSI at 42, below the midline in the neutral region. CCI at around -86, in the neutral region with an up move. Another interesting point to notice here is that the volume from observing a decrease in volume as a price increase to increase in volume as the price increased indicates a shift from sellers to buyers.
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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 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 .

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- Mudrex