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BTCUSD still in uptrend! Low volatility ahead

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Market in last 24hrs
-As predicted in yesterday’s analysis BTCUSD price continued it’s uptrend with good volumes
-Price volatility was high. Market moved ~2.5%, between $9.2k and $9.46k

Today’s Trend analysis
-Uptrend to continue, might see low volatility ahead
-Price at time of publishing: $9,394
-BTC’s market cap: $172 Billion
-Oscillator indicators are mostly neutral. RSI at 58
-Moving average indicators are biased towards uptrend. Ichimoku Cloud is neutral
-Volume indicators are supporting continuation of uptrend.

Price expected to continue uptrend with chances of consolidation. Most of the Oscillator indicators are neutral. MACD histogram rose but histogram length is less than previous uptrend suggesting trend might see some halt. RSI moving sideways around 60 which is a weak bullish sign. CCI near 50 after crossing 100 once which is bullish sign. Another interesting point to notice here is that as bollinger band is squeezing, we might see low volatility ahead.
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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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Comments

😦
+1 Reply
Mudrex EquitySink
@EquitySink, that was completely unexpected :(
Reply
Nice analysis.I agree
+1 Reply
Mudrex Forexlivesignal
@Forexlivesignal, thank you.
Reply
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Reply
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume.
Reply
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