BTCUSD - Choppy Today. Price Technical Analysis #81
Updated
Market in last 24 hrs
- BTCUSD price moved down suddenly. Market moved ~7%, between 9.2k and 9.8k
- Price at time of publishing: $9,350
- BTC’s market cap: $172 Billion
Today’s Trend analysis
Price movement expected to be choppy today. Most of the Oscillator indicators are neutral. MACD histogram is in negative zone, RSI is trending down and is currently at 41 but CCI is already in oversold zone. To add to this, price is touching lower Bollinger Band. Overall, marketed conditions imply that the price movement is going to be choppy. Brace yourself!
- Choppy today
- ‘Oscillator‘ indicators are mostly neutral. RSI at 41
- ‘Moving average‘ indicators have flipped to indicate a downtrend. Ichimoku Cloud is neutral
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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!
- BTCUSD price moved down suddenly. Market moved ~7%, between 9.2k and 9.8k
- Price at time of publishing: $9,350
- BTC’s market cap: $172 Billion
Today’s Trend analysis
Price movement expected to be choppy today. Most of the Oscillator indicators are neutral. MACD histogram is in negative zone, RSI is trending down and is currently at 41 but CCI is already in oversold zone. To add to this, price is touching lower Bollinger Band. Overall, marketed conditions imply that the price movement is going to be choppy. Brace yourself!
- Choppy today
- ‘Oscillator‘ indicators are mostly neutral. RSI at 41
- ‘Moving average‘ indicators have flipped to indicate a downtrend. Ichimoku Cloud is neutral
----------------------------------------------------------------------------------------
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!
Trade closed: stop reached
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