Market in last 24 hrs
- BTCUSD has been very volatile. Market moved more than 14%, between $8.1k to $9.5k. Second last 4H candle saw a movement of 8%
- Price at time of publishing: $8,890
- BTC’s market cap: $163 Billion
Today’s Trend analysis
Price should trend up today. Oscillators are neutral but with a strong bias towards buy side. MACD is indicating a buy opportunity. CCI and RSI both are in over-bought zone. A trend reversal is just around the corner.
Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto token. We are observing an increased trade volume and price volatility.
- Uptrend today
- ‘Oscillator‘ indicators are mostly neutral. RSI is over-bought zone
- ‘Moving average‘ indicators indicating buying opportunity
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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 has been very volatile. Market moved more than 14%, between $8.1k to $9.5k. Second last 4H candle saw a movement of 8%
- Price at time of publishing: $8,890
- BTC’s market cap: $163 Billion
Today’s Trend analysis
Price should trend up today. Oscillators are neutral but with a strong bias towards buy side. MACD is indicating a buy opportunity. CCI and RSI both are in over-bought zone. A trend reversal is just around the corner.
Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto token. We are observing an increased trade volume and price volatility.
- Uptrend today
- ‘Oscillator‘ indicators are mostly neutral. RSI is over-bought zone
- ‘Moving average‘ indicators indicating buying opportunity
----------------------------------------------------------------------------------------
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 predicted, BTCUSD saw a uptrend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.