BTC shows uptrend bias | Increased volumes as MACD crosses 0
Market in last 24hrs
-BTCUSD saw a slight uptrend
-Price volatility was high. Market moved ~2.1%, between 9.1k and 9.31k
Today’s Trend analysis
-Uptrend bias shown by indicators, MACD crosses up 0
-Price at time of publishing: $9,291
-BTC’s market cap: $170 Billion
-Oscillator indicators are mostly neutral. RSI at 55
-Moving average indicators are biased towards uptrend. Ichimoku Cloud is neutral
-Volume indicators are mostly neutral with low volumes on both sides
Price expected to move with a upward bias as MACD crosses up 0 . Most of the Oscillator indicators are neutral. MACD crosses up 0, histogram increasing in size, which is a strong bullish sign. RSI above midline around 55, which is a weak bullish sign. CCI crossed above +100, this could lead to a strong trend as CCI attempted to cross +100 a few candles before . Another interesting point to notice here is that price has been in the upper part of bollinger band in this low volatility zone which creates an uptrend bias.
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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
-BTCUSD saw a slight uptrend
-Price volatility was high. Market moved ~2.1%, between 9.1k and 9.31k
Today’s Trend analysis
-Uptrend bias shown by indicators, MACD crosses up 0
-Price at time of publishing: $9,291
-BTC’s market cap: $170 Billion
-Oscillator indicators are mostly neutral. RSI at 55
-Moving average indicators are biased towards uptrend. Ichimoku Cloud is neutral
-Volume indicators are mostly neutral with low volumes on both sides
Price expected to move with a upward bias as MACD crosses up 0 . Most of the Oscillator indicators are neutral. MACD crosses up 0, histogram increasing in size, which is a strong bullish sign. RSI above midline around 55, which is a weak bullish sign. CCI crossed above +100, this could lead to a strong trend as CCI attempted to cross +100 a few candles before . Another interesting point to notice here is that price has been in the upper part of bollinger band in this low volatility zone which creates an uptrend bias.
----------------------------------------------------------------------------------------
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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