BTC 1 Week View: Price to move up 10K after local downtrend
BTC 1 Week view. Below analysis is based on 28 technical indicators on 1D time frame.
Next week’s Trend analysis
- Uptrend to continue after a local rebound from bollinger band mid-line
- Price at time of publishing: $9,930
- Oscillator indicators are mostly neutral. RSI at 68
- Moving average indicators are indicating an uptrend. Ichimoku Cloud is neutral
- Green volume indicators are getting bigger, indicating the uptrend is strong
Price expected to reverse trend after it rebounds from Bollinger band upper line. Also, short RSI is in overbought zone. Local downtrend is expected in next few days.
Overall, predominant trend is upwards. It is supported by bigger green volume bars and OBV is trending up.
Most of the Oscillator indicators are neutral with a bias towards buy side. MACD is trending up and the histogram size is increasing, indicating that the uptrend is getting stronger. RSI is trending up and close to 70 now, heading towards oversold zone. Price will bounced back from upper bollinger band and expected to bounce again from BB midline to continue the uptrend.
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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 1D 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
Next week’s Trend analysis
- Uptrend to continue after a local rebound from bollinger band mid-line
- Price at time of publishing: $9,930
- Oscillator indicators are mostly neutral. RSI at 68
- Moving average indicators are indicating an uptrend. Ichimoku Cloud is neutral
- Green volume indicators are getting bigger, indicating the uptrend is strong
Price expected to reverse trend after it rebounds from Bollinger band upper line. Also, short RSI is in overbought zone. Local downtrend is expected in next few days.
Overall, predominant trend is upwards. It is supported by bigger green volume bars and OBV is trending up.
Most of the Oscillator indicators are neutral with a bias towards buy side. MACD is trending up and the histogram size is increasing, indicating that the uptrend is getting stronger. RSI is trending up and close to 70 now, heading towards oversold zone. Price will bounced back from upper bollinger band and expected to bounce again from BB midline to continue the uptrend.
----------------------------------------------------------------------------------------
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 1D 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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