BTC to see a slight uptrend(4Hr)! | Bollinger Band squeezes
Market in last 24hrs
-BTCUSD saw a sideways movement
-Price volatility was relatively low. The market moved ~2.17%, between $11.85\\94k and 11.69k
Today’s Trend analysis
-BTCUSD expected to see a slight uptrend as Bollinger band squeezes and price trading above the midline band
-Price at time of publishing: $11,887
-BTC’s market cap: $218 Billion
-Oscillator indicators are mostly neutral. RSI at 56
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators observed were very low somewhat around the same value
Price expected to see a slight uptrend as Bollinger band squeezes and price trading above the midline band. Most of the Oscillator indicators are neutral. MACD crossed below the signal line with histogram increasing in size in a negative direction. RSI at 56, above the midline still in the neutral region. CCI at 60, in the neutral region. Another interesting point to notice here is that the volume has been very low in recent candles.
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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 1 D 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
-BTCUSD saw a sideways movement
-Price volatility was relatively low. The market moved ~2.17%, between $11.85\\94k and 11.69k
Today’s Trend analysis
-BTCUSD expected to see a slight uptrend as Bollinger band squeezes and price trading above the midline band
-Price at time of publishing: $11,887
-BTC’s market cap: $218 Billion
-Oscillator indicators are mostly neutral. RSI at 56
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators observed were very low somewhat around the same value
Price expected to see a slight uptrend as Bollinger band squeezes and price trading above the midline band. Most of the Oscillator indicators are neutral. MACD crossed below the signal line with histogram increasing in size in a negative direction. RSI at 56, above the midline still in the neutral region. CCI at 60, in the neutral region. Another interesting point to notice here is that the volume has been very low in recent candles.
----------------------------------------------------------------------------------------
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 1 D 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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