Market in last 24hrs
-BTCUSD saw a sideways movement with rejection from the midline band
-Price volatility was low. The market moved ~1.3%, between $11.9k and $11.7k
Today’s Trend analysis
-BTCUSD expected to see a downward movement as the price got rejected from midline band
-Price at time of publishing: $11,754
-BTC’s market cap: $217 Billion
-Oscillator indicators are mostly neutral. RSI at 44
-Moving average indicators are indicating towards a down trend. Ichimoku Cloud is neutral
-Volume indicators observed an increase and observed a spike with a red candle
Price expected to see a downward movement as the price got rejected from midline band. Most of the Oscillator indicators are neutral. MACD almost reached the signal line, with histogram changing it’s direction from negative to positive. RSI at 44, below the midline still in the neutral region. CCI at -65, in the neutral region, with a down move. Another interesting point to notice here is that the volume in the recent candles was increasing with a spike at the red candle.
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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 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 .
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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
-BTCUSD saw a sideways movement with rejection from the midline band
-Price volatility was low. The market moved ~1.3%, between $11.9k and $11.7k
Today’s Trend analysis
-BTCUSD expected to see a downward movement as the price got rejected from midline band
-Price at time of publishing: $11,754
-BTC’s market cap: $217 Billion
-Oscillator indicators are mostly neutral. RSI at 44
-Moving average indicators are indicating towards a down trend. Ichimoku Cloud is neutral
-Volume indicators observed an increase and observed a spike with a red candle
Price expected to see a downward movement as the price got rejected from midline band. Most of the Oscillator indicators are neutral. MACD almost reached the signal line, with histogram changing it’s direction from negative to positive. RSI at 44, below the midline still in the neutral region. CCI at -65, in the neutral region, with a down move. Another interesting point to notice here is that the volume in the recent candles was increasing with a spike at the red candle.
----------------------------------------------------------------------------------------
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
