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BTCUSD - Local Uptrend Today.

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Market in last 24hrs
- As predicted yesterday, BTCUSD price consolidated
- Price volatility was low. Market moved ~2%, between $9. 23k and $9.43k

Today’s Trend analysis
- Uptrend today
- Price at time of publishing: $9,350
- BTC’s market cap: $171 Billion
- ‘Oscillator‘ indicators are neutral with a bias towards uptrend. RSI at 49
- ‘Moving average‘ indicators are indicating a downtrend. Ichimoku Cloud is neutral
- Volume indicators are signaling at an uptrend

Price expected to trend up today. Most of the Oscillator indicators are neutral with a bias towards buying side. MACD histogram is in negative zone and MACD line is tending up. RSI is trending almost flat, oscillating around its midpoint 50. CCI , the more reactive oscillator, is trending up near, now near 0. Another interesting point to notice is that green volume candles are supported more and on balance volume indicator is trending up, indicating that the buying is getting stronger. All factors indicating that bulls have gained strength. Overall, price is expected to move up 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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- Mudrex
Trade closed: target reached: As predicted, price saw a weak uptrend.

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Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
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