BTCUSD - Trend-reversal Today. Price Technical Analysis #70
Market in last 24 hrs
- BTCUSD price moved almost 9% between between $9,270 and $10,080
- Price at time of publishing: $9,990
- Price crossed important resistance level of $10,000
- BTC’s market cap: $182 Billion
Today’s Trend analysis
Price should trend downward today. Oscillators are neutral but compared to yesterday many have now flipped to indicate a downward trend. MACD is above 0 but RSI and CCI are in over bought zone, indicating that downward momentum has gained strength and a trend reversal is possible.
Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto tokens. We are observing an increased trade volume and price volatility .
- Downwards today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 71.5
- ‘Moving average‘ indicators indicating buying opportunity. Ichimoku Cloud is neutral
----------------------------------------------------------------------------------------
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 .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
- BTCUSD price moved almost 9% between between $9,270 and $10,080
- Price at time of publishing: $9,990
- Price crossed important resistance level of $10,000
- BTC’s market cap: $182 Billion
Today’s Trend analysis
Price should trend downward today. Oscillators are neutral but compared to yesterday many have now flipped to indicate a downward trend. MACD is above 0 but RSI and CCI are in over bought zone, indicating that downward momentum has gained strength and a trend reversal is possible.
Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto tokens. We are observing an increased trade volume and price volatility .
- Downwards today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 71.5
- ‘Moving average‘ indicators indicating buying opportunity. Ichimoku Cloud is neutral
----------------------------------------------------------------------------------------
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 .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
Trade closed: target reached:
As predicted, BTCUSD price moved down yesterday.
