BTCUSD - Local Uptrend to Continue.
Updated
Market in last 24hrs
- As predicted in the previous analysis, BTCUSD price moved up
- Price volatility was high. Market moved ~4%, between 9.44k and 9.79k
Today’s Trend analysis
- Weak uptrend today
- Price at time of publishing: $9,640
- BTC’s market cap: $178 Billion
- Oscillator indicators are neutral. RSI at 66
- Moving average indicators are indicating an uptrend. Ichimoku Cloud is neutral
- Volume indicators too are indicating an uptrend
Price expected to continue uptrend today. Most of the Oscillator indicators are neutral. MACD line is trending up and is above 0 with MACD histogram in positive zone, confirming that the trending is up. RSI is trending up, moving near 65. CCI, the more reactive oscillator, has is above 100, indicating the bulls still have strength. Another interesting point to notice is that on balance volume indicator, which is a leading indicator, is trending up. All factors indicating that bulls are stronger. Overall, price is expected to move up today.
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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 moved up
- Price volatility was high. Market moved ~4%, between 9.44k and 9.79k
Today’s Trend analysis
- Weak uptrend today
- Price at time of publishing: $9,640
- BTC’s market cap: $178 Billion
- Oscillator indicators are neutral. RSI at 66
- Moving average indicators are indicating an uptrend. Ichimoku Cloud is neutral
- Volume indicators too are indicating an uptrend
Price expected to continue uptrend today. Most of the Oscillator indicators are neutral. MACD line is trending up and is above 0 with MACD histogram in positive zone, confirming that the trending is up. RSI is trending up, moving near 65. CCI, the more reactive oscillator, has is above 100, indicating the bulls still have strength. Another interesting point to notice is that on balance volume indicator, which is a leading indicator, is trending up. All factors indicating that bulls are stronger. Overall, price is expected to move up today.
----------------------------------------------------------------------------------------
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: stop reached
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