Market in last 1 week
-BTCUSD saw an uptrend further with price reaching a high at 11.76k
-Price volatility was very high. Market moved ~18.42%, between $11.76k and $9.93k
Today’s Trend analysis
-BTCUSD expected to see a continued uptrend with Bollinger Band expanding
-Price at time of publishing: $11,667
-BTC’s market cap: $214 Billion
-Oscillator indicators are mostly neutral. RSI at 84
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators are indicating a decrease in volume in the last few candles indicating a slowdown of momentum.
Price expected to see a continued uptrend as higher lows have been observed and Bollinger Band expanding. Most of the Oscillator indicators are neutral. MACD histogram size remaining the same in the positive region indicating a momentum slowdown. RSI at 84, trending upwards, in the overbought region indicating a possible reversal. CCI is around 150, and in overbought region trending down. Another interesting point to notice here is that the Bollinger Band is expanding and the volume is decreasing while there is an increase in 20-candle moving average from last week.
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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 saw an uptrend further with price reaching a high at 11.76k
-Price volatility was very high. Market moved ~18.42%, between $11.76k and $9.93k
Today’s Trend analysis
-BTCUSD expected to see a continued uptrend with Bollinger Band expanding
-Price at time of publishing: $11,667
-BTC’s market cap: $214 Billion
-Oscillator indicators are mostly neutral. RSI at 84
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators are indicating a decrease in volume in the last few candles indicating a slowdown of momentum.
Price expected to see a continued uptrend as higher lows have been observed and Bollinger Band expanding. Most of the Oscillator indicators are neutral. MACD histogram size remaining the same in the positive region indicating a momentum slowdown. RSI at 84, trending upwards, in the overbought region indicating a possible reversal. CCI is around 150, and in overbought region trending down. Another interesting point to notice here is that the Bollinger Band is expanding and the volume is decreasing while there is an increase in 20-candle moving average from last week.
----------------------------------------------------------------------------------------
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
