BTCUSD - Local Uptrend isn't over yet.
Market in last 24hrs
- BTCUSD price moved sideways
- Price volatility was low. Market moved ~3%, between 9k and 9.24k
Today’s Trend analysis
- Weak uptrend today
- Price at time of publishing: $9,140
- BTC’s market cap: $164 Billion
- Oscillator indicators are neutral. RSI at 49
- Moving average indicators are mixed. Ichimoku Cloud is neutral
- Volume indicators are supporting uptrend
Price expected to continue weak uptrend today. Most of the Oscillator indicators are neutral with a slight bias towards downside. MACD line is trending up and is about to cross-up 0 with MACD histogram in positive zone, indicating that the overall trend is now positive. RSI is trending flat, moving near 49. CCI, the more reactive oscillator, is now near 100, indicating the bulls have strength. Another interesting point to notice is that on balance volume indicator, which is a leading indicator, is trending slightly up. All factors indicating that bulls are stronger. Overall, price is expected to move up 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 moved sideways
- Price volatility was low. Market moved ~3%, between 9k and 9.24k
Today’s Trend analysis
- Weak uptrend today
- Price at time of publishing: $9,140
- BTC’s market cap: $164 Billion
- Oscillator indicators are neutral. RSI at 49
- Moving average indicators are mixed. Ichimoku Cloud is neutral
- Volume indicators are supporting uptrend
Price expected to continue weak uptrend today. Most of the Oscillator indicators are neutral with a slight bias towards downside. MACD line is trending up and is about to cross-up 0 with MACD histogram in positive zone, indicating that the overall trend is now positive. RSI is trending flat, moving near 49. CCI, the more reactive oscillator, is now near 100, indicating the bulls have strength. Another interesting point to notice is that on balance volume indicator, which is a leading indicator, is trending slightly up. All factors indicating that bulls are stronger. Overall, price is expected to move up 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
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