Market in last 24hrs
-BTCUSD saw an uptrend and moved above the midline band
-Price volatility was high. The market moved ~4.05%, between $11.85k and $11.38k
Today’s Trend analysis
-BTCUSD expected to see a sideways movement as a series of trendlines were observed
-Price at time of publishing: $11,763
-BTC’s market cap: $217 Billion
-Oscillator indicators are mostly neutral. RSI at 54.
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators observed a spike when the price had risen and further the volume decreased
Price expected to see a sideways movement as a series of higher highs, lower highs, higher lows and lower lows were observed. Most of the Oscillator indicators are neutral. MACD crossed above the signal line with histogram increasing in size in a positive direction. RSI at 54, above the midline still in the neutral region. CCI at 102, in the overbought region, with an upmove. Another interesting point to notice here is that the price has been trading inside the Bollinger band from last many candles.
----------------------------------------------------------------------------------------
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 1 D 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
-BTCUSD saw an uptrend and moved above the midline band
-Price volatility was high. The market moved ~4.05%, between $11.85k and $11.38k
Today’s Trend analysis
-BTCUSD expected to see a sideways movement as a series of trendlines were observed
-Price at time of publishing: $11,763
-BTC’s market cap: $217 Billion
-Oscillator indicators are mostly neutral. RSI at 54.
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators observed a spike when the price had risen and further the volume decreased
Price expected to see a sideways movement as a series of higher highs, lower highs, higher lows and lower lows were observed. Most of the Oscillator indicators are neutral. MACD crossed above the signal line with histogram increasing in size in a positive direction. RSI at 54, above the midline still in the neutral region. CCI at 102, in the overbought region, with an upmove. Another interesting point to notice here is that the price has been trading inside the Bollinger band from last many candles.
----------------------------------------------------------------------------------------
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 1 D 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
