Market in last 24hrs
- As predicted in the previous analysis, BTCUSD price continued consolidation
- Price volatility was low. Market moved just ~1.5%, between $233.4 and $238.6
Today’s Trend analysis
- Downtrend today
- Price at time of publishing: $235
- ‘Oscillator‘ indicators are neutral. RSI at 42
- ‘Moving average‘ indicators are indicating a downtrend. Ichimoku Cloud is neutral
Price expected to trend downward today. Most of the Oscillator indicators are neutral with a bias toward sell side. MACD histogram is about to cross down 0 as MACD line is trending down. RSI has been flat for sometime now, oscillating below its midpoint 50, around 42. CCI , the more reactive oscillator, is moving between -50 and 0. All factors indicating that bears are gaining strength. Overall, price is expected to move down.
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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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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
- As predicted in the previous analysis, BTCUSD price continued consolidation
- Price volatility was low. Market moved just ~1.5%, between $233.4 and $238.6
Today’s Trend analysis
- Downtrend today
- Price at time of publishing: $235
- ‘Oscillator‘ indicators are neutral. RSI at 42
- ‘Moving average‘ indicators are indicating a downtrend. Ichimoku Cloud is neutral
Price expected to trend downward today. Most of the Oscillator indicators are neutral with a bias toward sell side. MACD histogram is about to cross down 0 as MACD line is trending down. RSI has been flat for sometime now, oscillating below its midpoint 50, around 42. CCI , the more reactive oscillator, is moving between -50 and 0. All factors indicating that bears are gaining strength. Overall, price is expected to move down.
----------------------------------------------------------------------------------------
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 in the analysis above, price saw a downtrend.
