BTC to see a slight downtrend(4Hr)! | Bollinger Band expands
Market in last 24hrs
-BTCUSD saw a strong uptrend after rejecting from $12473
-Price volatility was high. The market moved ~5.6%, between 12.47k and 11.81k
Today’s Trend analysis
-BTCUSD expected to see a slight downtrend as Bollinger band expands with lower highs
-Price at time of publishing: $12,213
-BTC’s market cap: $226 Billion
-Oscillator indicators are mostly neutral. RSI at 65
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators observed a sudden spike and decreased thereafter
Price expected to see a slight downtrend as Bollinger band expands with lower highs observed. Most of the Oscillator indicators are neutral. MACD above the signal line with histogram decreasing in size in a positive direction. RSI at 65, above the midline still in the neutral region. CCI at 93, in the neutral region, saw a pullback from 445 i.e. from the overbought region. Another interesting point to notice here is that the volume saw a sudden spike with a large blue candle and a decrease thereafter.
----------------------------------------------------------------------------------------
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 D 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 saw a strong uptrend after rejecting from $12473
-Price volatility was high. The market moved ~5.6%, between 12.47k and 11.81k
Today’s Trend analysis
-BTCUSD expected to see a slight downtrend as Bollinger band expands with lower highs
-Price at time of publishing: $12,213
-BTC’s market cap: $226 Billion
-Oscillator indicators are mostly neutral. RSI at 65
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators observed a sudden spike and decreased thereafter
Price expected to see a slight downtrend as Bollinger band expands with lower highs observed. Most of the Oscillator indicators are neutral. MACD above the signal line with histogram decreasing in size in a positive direction. RSI at 65, above the midline still in the neutral region. CCI at 93, in the neutral region, saw a pullback from 445 i.e. from the overbought region. Another interesting point to notice here is that the volume saw a sudden spike with a large blue candle and a decrease thereafter.
----------------------------------------------------------------------------------------
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1 D 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
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.