BTCUSD - Uptrend to continue, with decent volumes!
Market in last 24hrs
-As predicted in yesterday’s analysis BTCUSD price went slight downwards before continuing uptrend.
-Price volatility was decent. Market moved ~1.5%, between 9.2k and 9.32k
Today’s Trend analysis
-Uptrend to continue
-Price at time of publishing: $9,291
-BTC’s market cap: $171 Billion
-Oscillator indicators are mostly neutral. RSI at 60
-Moving average indicators are biased towards uptrend. Ichimoku Cloud is neutral
-Volume indicators are supporting a decent uptrend
Price expected to trend up with decent volumes. Most of the Oscillator indicators are neutral. MACD histogram became flat and unlikely to cross downwards. RSI moving sideways around 60 which is a weak bullish sign. CCI is trending down but above 60 which is bullish sign. Another interesting point to notice here is that previous big green candles saw good volumes when price was near bollinger mid line suggesting that price might stick above it.
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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 yesterday’s analysis BTCUSD price went slight downwards before continuing uptrend.
-Price volatility was decent. Market moved ~1.5%, between 9.2k and 9.32k
Today’s Trend analysis
-Uptrend to continue
-Price at time of publishing: $9,291
-BTC’s market cap: $171 Billion
-Oscillator indicators are mostly neutral. RSI at 60
-Moving average indicators are biased towards uptrend. Ichimoku Cloud is neutral
-Volume indicators are supporting a decent uptrend
Price expected to trend up with decent volumes. Most of the Oscillator indicators are neutral. MACD histogram became flat and unlikely to cross downwards. RSI moving sideways around 60 which is a weak bullish sign. CCI is trending down but above 60 which is bullish sign. Another interesting point to notice here is that previous big green candles saw good volumes when price was near bollinger mid line suggesting that price might stick above it.
----------------------------------------------------------------------------------------
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
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