BTCUSD to see an uptrend(4Hr) | Slight band expansion with HL
Market in last 24hrs
Today’s Trend analysis
Price expected to see an uptrend as higher lows were observed along with a slight expansion of the Bollinger band. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line, with the histogram size increasing in the positive region suggesting bullish bias. RSI at 59, above the midline in the neutral region. CCI at around 122, in the overbought region. Another interesting point to notice here is that the volume observed an increase as price saw an increase with a few ups and downs due to sideways movement of price indicating strong 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 with a breakout for midline reaching the upper Bollinger band
- Price volatility was low. The market moved ~2.57%, between 10.93k and 10.65k
Today’s Trend analysis
- BTCUSD expected to see an uptrend as higher lows were observed along with a slight expansion of Bollinger band
- Price at time of publishing: $10,880
- BTC’s market cap: $202 Billion
- Oscillator indicators are mostly neutral. RSI at 59
- Moving average indicators are indicating an uptrend Ichimoku Cloud is neutral
- Volume indicators from observed an increase as price saw an increase with a few ups and downs due to sideways movement of price
Price expected to see an uptrend as higher lows were observed along with a slight expansion of the Bollinger band. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line, with the histogram size increasing in the positive region suggesting bullish bias. RSI at 59, above the midline in the neutral region. CCI at around 122, in the overbought region. Another interesting point to notice here is that the volume observed an increase as price saw an increase with a few ups and downs due to sideways movement of price indicating strong buying pressure.
----------------------------------------------------------------------------------------
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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