BTC - Sideways Today.
Updated
Market in last 24hrs
- As predicted in the previous analysis, BTCUSD price moved up
- Price volatility was high. Market moved ~6.5%, between 9k and 9.6k
Today’s Trend analysis
- Sideways today
- Price at time of publishing: $9,520
- BTC’s market cap: $176 Billion
- ‘Oscillator‘ indicators are neutral. RSI at 55
- ‘Moving average‘ indicators are indicating an uptrend. Ichimoku Cloud is neutral
Price expected to trend sideways today. Most of the Oscillator indicators are neutral. MACD histogram is now in positive zone and MACD line is trending up, though still below 0. RSI is trending almost flat, moving slightly above its midpoint 50. CCI, the more reactive oscillator, has crossed down 0. Another interesting point to notice is that volume is now flat, indicating that yesterday’s uptrend is not strong now. All factors indicating that both bulls and bears are struggling. Overall, price is expected to move sideways today.
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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
- As predicted in the previous analysis, BTCUSD price moved up
- Price volatility was high. Market moved ~6.5%, between 9k and 9.6k
Today’s Trend analysis
- Sideways today
- Price at time of publishing: $9,520
- BTC’s market cap: $176 Billion
- ‘Oscillator‘ indicators are neutral. RSI at 55
- ‘Moving average‘ indicators are indicating an uptrend. Ichimoku Cloud is neutral
Price expected to trend sideways today. Most of the Oscillator indicators are neutral. MACD histogram is now in positive zone and MACD line is trending up, though still below 0. RSI is trending almost flat, moving slightly above its midpoint 50. CCI, the more reactive oscillator, has crossed down 0. Another interesting point to notice is that volume is now flat, indicating that yesterday’s uptrend is not strong now. All factors indicating that both bulls and bears are struggling. Overall, price is expected to move sideways today.
----------------------------------------------------------------------------------------
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
Trade closed: target reached
As predict in the analysis above, BTCUSD price consilidated.
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