BTCUSD to move sideways(4Hr) | Midline support with LH observed
Market in last 24hrs
Today’s Trend analysis
Price expected to see a sideways movement as price rides upper band with Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving above signal line, with the histogram size increasing in the positive region suggesting bullish bias. RSI at 63, above the midline in the neutral region. CCI at around 167, in the overbought region indicating a downmove. Another interesting point to notice here is that the volume observed similar value for recent candles while spikes for blue candles were observed indicating strengthened buying pressure.
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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 4Hr candles.
DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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If you find the analysis useful, please like and share our ideas with the community as well as follow to stay updated with new ideas!
- Mudrex
- BTCUSD saw an uptrend while riding the upper band
- Price volatility was low. The market moved ~3.4%, between 10.95k and 10.59k
Today’s Trend analysis
- BTCUSD expected to see a sideways movement as price rides upper band with Bollinger band expansion
- Price at time of publishing: $10,903
- BTC’s market cap: $201 Billion
- Oscillator indicators are mostly neutral. RSI at 63
- Moving average indicators are indicating an uptrend Ichimoku Cloud is neutral
- Volume indicators from observed similar value for recent candles while spikes for blue candles were observed
Price expected to see a sideways movement as price rides upper band with Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving above signal line, with the histogram size increasing in the positive region suggesting bullish bias. RSI at 63, above the midline in the neutral region. CCI at around 167, in the overbought region indicating a downmove. Another interesting point to notice here is that the volume observed similar value for recent candles while spikes for blue candles were observed indicating strengthened buying pressure.
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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 4Hr candles.
DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community as well as follow to stay updated with new ideas!
- Mudrex
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