Channel pattern in BTCUSD: move towards $33k, or towards $38k ?
Updated
Market in the last 24hrs
BTCUSD remained in consolidation. Trading volume has spiked up lately.
Today’s Trend analysis
BTCUSD is likely to move in the channel pattern in the immediate short term.
Price volatility remained significantly low at approximately 0.85%, with the day's range between $35532.17 — $36808.30.
Price at the time of publishing: $36106.72
BTC's market cap: $675.64 Billion
*Out of 11 Oscillator indicators, 9 are neutral, and 1 each on BUY and SELL side.
*Out of 15 Moving average indicators, 13 are giving a BUY signal, and 1 is neutral.
*Indicator summary is giving a 'SELL' signal on BTCUSD .
Volumes have spiked up 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!
BTCUSD remained in consolidation. Trading volume has spiked up lately.
Today’s Trend analysis
BTCUSD is likely to move in the channel pattern in the immediate short term.
Price volatility remained significantly low at approximately 0.85%, with the day's range between $35532.17 — $36808.30.
Price at the time of publishing: $36106.72
BTC's market cap: $675.64 Billion
*Out of 11 Oscillator indicators, 9 are neutral, and 1 each on BUY and SELL side.
*Out of 15 Moving average indicators, 13 are giving a BUY signal, and 1 is neutral.
*Indicator summary is giving a 'SELL' signal on BTCUSD .
Volumes have spiked up 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!
Note
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