BTCUSD(4Hr) : BTC be BOOMING!!!!!
Market in the last 24hrs
BTC touched the upper Bollinger band and accepted it as a resistance line, then we saw a slight downward movement but an upward doji may have put BTC back on its bullish track. Trading volume has been very low in the last 24 hours.
Today’s Trend analysis
Price is most likely to continue to move in an upward direction till it reaches the upper Bollinger band. We might see a bearish movement if there is a volume spike in the negative direction.
Price volatility remained high at approximately 7.3%, with the day's range between $35825 — $38446.
Price at the time of publishing: $37175
BTC's market cap: 697Billion
Out of 11 Oscillator indicators, 9 are neutral, and 1 is giving a 'SELL' signal and 1 is giving a 'BUY' signal.
Out of 15 Moving average indicators, 11 are giving a 'BUY' signal,1 is giving "NEUTRAL" and 3 are giving a 'SELL' signal.
Indicator summary is giving a 'BUY' signal on BTCUSD for the shorter timeframe.
Volumes have remained low in the past 24 hours.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume.
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Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
BTC touched the upper Bollinger band and accepted it as a resistance line, then we saw a slight downward movement but an upward doji may have put BTC back on its bullish track. Trading volume has been very low in the last 24 hours.
Today’s Trend analysis
Price is most likely to continue to move in an upward direction till it reaches the upper Bollinger band. We might see a bearish movement if there is a volume spike in the negative direction.
Price volatility remained high at approximately 7.3%, with the day's range between $35825 — $38446.
Price at the time of publishing: $37175
BTC's market cap: 697Billion
Out of 11 Oscillator indicators, 9 are neutral, and 1 is giving a 'SELL' signal and 1 is giving a 'BUY' signal.
Out of 15 Moving average indicators, 11 are giving a 'BUY' signal,1 is giving "NEUTRAL" and 3 are giving a 'SELL' signal.
Indicator summary is giving a 'BUY' signal on BTCUSD for the shorter timeframe.
Volumes have remained low in the past 24 hours.
----------------------------------------------------------------------------------------
The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume.
----------------------------------------------------------------------------------------
Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
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