BTCUSD expected to move sideways | Lower highs were observed
Market in last 24hrs
-BTCUSD moved sideways with rejection from midline Bollinger Band
-Price volatility was high. Market moved ~3.25%, between 11.48k and 11.12k
Today’s Trend analysis
-BTCUSD expected to move sideways below bollinger mid-line
-Price at time of publishing: $11,246
-BTC’s market cap: $207 Billion
-Oscillator indicators are mostly neutral. RSI at 51
-Moving average indicators are also neutral. Ichimoku Cloud is neutral
-Volume indicators are indicating decreasing volumes in recent few candles.
Price expected to see a sideways movement as price got rejected from midline Bollinger Band. Most of the Oscillator indicators are neutral. MACD histogram is negative, size decreasing in the negative region indicating slowing downtrend. RSI at 49, around midline with a slight dowmove indicating a downtrend. CCI at -37, still in neutral region suggesting a sideways movement. Another interesting point to notice here is that there are lower highs observed suggesting less buying pressure.
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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 moved sideways with rejection from midline Bollinger Band
-Price volatility was high. Market moved ~3.25%, between 11.48k and 11.12k
Today’s Trend analysis
-BTCUSD expected to move sideways below bollinger mid-line
-Price at time of publishing: $11,246
-BTC’s market cap: $207 Billion
-Oscillator indicators are mostly neutral. RSI at 51
-Moving average indicators are also neutral. Ichimoku Cloud is neutral
-Volume indicators are indicating decreasing volumes in recent few candles.
Price expected to see a sideways movement as price got rejected from midline Bollinger Band. Most of the Oscillator indicators are neutral. MACD histogram is negative, size decreasing in the negative region indicating slowing downtrend. RSI at 49, around midline with a slight dowmove indicating a downtrend. CCI at -37, still in neutral region suggesting a sideways movement. Another interesting point to notice here is that there are lower highs observed suggesting less buying pressure.
----------------------------------------------------------------------------------------
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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