BTCUSD to move sideways(4Hr)! | Price inside bands
Market in last 24hrs
Today’s Trend analysis
Price expected to see a slight uptrend as the price is trading inside bands with Bollinger band squeeze. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size decreasing in the positive direction. RSI at 37, in the neutral region. CCI at around -116, in the oversold region with a down move indicating an uptrend. Another interesting point to notice here is that the volume observed a decrease in value with high values for blue candles while low for red candles.
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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 4Hr 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 an uptrend until rejection from upper band
- Price volatility was very high. The market moved ~5.67%, between 10.44k and 9.88k
Today’s Trend analysis
- BTCUSD expected to see a slight uptrend as the price is trading inside bands with Bollinger band squeeze
- Price at time of publishing: $10,022
- BTC’s market cap: $185 Billion
- Oscillator indicators are mostly neutral. RSI at 37
- Moving average indicators are indicating a downtrend. Ichimoku Cloud is neutral
- Volume indicators observed a decrease in value with high values for blue candles while low for red candles
Price expected to see a slight uptrend as the price is trading inside bands with Bollinger band squeeze. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size decreasing in the positive direction. RSI at 37, in the neutral region. CCI at around -116, in the oversold region with a down move indicating an uptrend. Another interesting point to notice here is that the volume observed a decrease in value with high values for blue candles while low for red candles.
----------------------------------------------------------------------------------------
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 4Hr 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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