BTCUSD - Downtrend today. Trend reversal expected!
Updated
Market in last 24hrs
- BTCUSD price saw an uptrend
- Price volatility was high. Market moved ~4%, between 8.9k and 9.24k
Today’s Trend analysis
- Downtrend today
- Price at time of publishing: $9,205
- BTC’s market cap: $169 Billion
- Oscillator indicators are mostly neutral. RSI at 62
- Moving average indicators are mixed. Ichimoku Cloud is neutral
- Volume indicators are supporting an uptrend
Price expected to trend down today. Most of the Oscillator indicators are neutral. MACD line has crossed up 0 and MACD histogram is in positive zone. RSI and CCI, are trending up and are above their midpoints. CCI has entered overbought zone. On balance volume indicator is trending up. But interesting point to notice here is that price is now touching upper bollinger band and hence we expect the price to move down 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
- BTCUSD price saw an uptrend
- Price volatility was high. Market moved ~4%, between 8.9k and 9.24k
Today’s Trend analysis
- Downtrend today
- Price at time of publishing: $9,205
- BTC’s market cap: $169 Billion
- Oscillator indicators are mostly neutral. RSI at 62
- Moving average indicators are mixed. Ichimoku Cloud is neutral
- Volume indicators are supporting an uptrend
Price expected to trend down today. Most of the Oscillator indicators are neutral. MACD line has crossed up 0 and MACD histogram is in positive zone. RSI and CCI, are trending up and are above their midpoints. CCI has entered overbought zone. On balance volume indicator is trending up. But interesting point to notice here is that price is now touching upper bollinger band and hence we expect the price to move down 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: stop reached
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