Market in last 24hrs
-BTCUSD moved sideways with a lot fluctuation in price
-Price volatility was low. The market moved ~2.2%, between $11.9k and $11.65k
Today’s Trend analysis
-BTCUSD expected to see an uptrend after rejecting from 11.9k as Bollinger Band expands.
-Price at time of publishing: $11,765
-BTC’s market cap: $217 Billion
-Oscillator indicators are mostly neutral. RSI at 62
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators observed ups and downs in the volume with the 20-candle moving average remaining the same.
Price expected to see an uptrend further with Bollinger Band expanding and Conversion Line above the Base Line. Most of the Oscillator indicators are neutral. MACD histogram is positive, size decreasing in the positive region might cross down signal line. RSI at 63, above the midline with a downmove in the neutral region. CCI at 61, in the neutral region decreasing from the last few candles. Another interesting point to notice here is that from last few candles Bollinger Band has started to expand and conversion line is above the base line.
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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 4hr 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 moved sideways with a lot fluctuation in price
-Price volatility was low. The market moved ~2.2%, between $11.9k and $11.65k
Today’s Trend analysis
-BTCUSD expected to see an uptrend after rejecting from 11.9k as Bollinger Band expands.
-Price at time of publishing: $11,765
-BTC’s market cap: $217 Billion
-Oscillator indicators are mostly neutral. RSI at 62
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators observed ups and downs in the volume with the 20-candle moving average remaining the same.
Price expected to see an uptrend further with Bollinger Band expanding and Conversion Line above the Base Line. Most of the Oscillator indicators are neutral. MACD histogram is positive, size decreasing in the positive region might cross down signal line. RSI at 63, above the midline with a downmove in the neutral region. CCI at 61, in the neutral region decreasing from the last few candles. Another interesting point to notice here is that from last few candles Bollinger Band has started to expand and conversion line is above the base line.
----------------------------------------------------------------------------------------
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 4hr 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
