BTCUSD to see a slight downtrend(4Hr) | Gap up completed, sell?
Market in last 24hrs
Today’s Trend analysis
Price expected to see a slight uptrend as Gap up has been completed with Bollinger band started to squeeze. Most of the Oscillator indicators are neutral. MACD line approaching from above the signal line, with the histogram size decreasing in the positive region suggesting bullish bias. RSI at 73, in the overbought region, indicating a downtrend. CCI at around 69, in the neutral region with a pullback from overbought. Another interesting point to notice here is that the volume observed an increase with an increase in price while a decrease in value with the price decline indicating a shift from buyers to sellers.
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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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- Mudrex
- BTCUSD saw a continued uptrend followed by a price decline making price movement sideways overall
- Price volatility was high. The market moved ~3.93%, between 13.2k and 12.7k
Today’s Trend analysis
- BTCUSD expected to see a slight uptrend as Gap up has been completed with Bollinger band started to squeeze
- Price at time of publishing: $13,003
- BTC’s market cap: $241 Billion
- Oscillator indicators are mostly neutral. RSI at 73
- Moving average indicators are indicating an uptrend Ichimoku Cloud is neutral
- Volume indicators observed an increase with an increase in price while a decrease in value with the price decline
Price expected to see a slight uptrend as Gap up has been completed with Bollinger band started to squeeze. Most of the Oscillator indicators are neutral. MACD line approaching from above the signal line, with the histogram size decreasing in the positive region suggesting bullish bias. RSI at 73, in the overbought region, indicating a downtrend. CCI at around 69, in the neutral region with a pullback from overbought. Another interesting point to notice here is that the volume observed an increase with an increase in price while a decrease in value with the price decline indicating a shift from buyers to sellers.
----------------------------------------------------------------------------------------
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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