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.
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Market in last 24 hrs
- As predicted yesterday, BTCUSD price consolidated till mid-day today
- Price at time of publishing: $7,530
- BTC’s market cap: $133 Billion
Today’s Trend analysis
Price should trend up today. Oscillators are mostly neutral but with a 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 correlation between US stock markets (S&P500, etc) and BTC price, which is at currently trending at its all time high.
- Weak uptrend today
- ‘Oscillator‘ indicators are mostly neutral. RSI is over-bought zone
- ‘Moving average‘ indicators indicating buying opportunity
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!
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Market in last 24 hrs
- As predicted yesterday, BTCUSD price consolidated till mid-day today
- Price at time of publishing: $7,530
- BTC’s market cap: $133 Billion
Today’s Trend analysis
Price should trend up today. Oscillators are mostly neutral but with a 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 correlation between US stock markets (S&P500, etc) and BTC price, which is at currently trending at its all time high.
- Weak uptrend today
- ‘Oscillator‘ indicators are mostly neutral. RSI is over-bought zone
- ‘Moving average‘ indicators indicating buying opportunity
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 active
As predicted, BTCUSD movement is in the range defined in above analysis.Trade closed: target reached
Market in last 24 hrs - BTCUSD price consolidated, moving in range of 200 points around $7,550
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.
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.