BTCUSD- Downtrend today, followed by a reversal!
Market in last 24hrs
-BTCUSD price saw a strong uptrend
-Price volatility was high. Market moved ~2%, between 9.2k and 9.38k
Today’s Trend analysis
-Weak Downward movement before upward trend today
-Price at time of publishing: $9,245
-BTC’s market cap: $170 Billion
-Oscillator indicators are mostly neutral. RSI at 58
-Moving average indicators are biased towards uptrend. Ichimoku Cloud is neutral
-Volume indicators are supporting a trend reversal
Price expected to trend down before a weak uptrend today. Most of the Oscillator indicators are neutral. MACD line had a recent uptrend but MACD histogram is decreasing. RSI and CCI, are trending down and are above their midpoints. CCI crossed down below 100 which is a bearish sign. Another interesting point to notice here is that price has bounced back form upper bollinger and might take support from bollinger mid line. Decreasing volumes suggest downtrend might not last long!
----------------------------------------------------------------------------------------
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
-BTCUSD price saw a strong uptrend
-Price volatility was high. Market moved ~2%, between 9.2k and 9.38k
Today’s Trend analysis
-Weak Downward movement before upward trend today
-Price at time of publishing: $9,245
-BTC’s market cap: $170 Billion
-Oscillator indicators are mostly neutral. RSI at 58
-Moving average indicators are biased towards uptrend. Ichimoku Cloud is neutral
-Volume indicators are supporting a trend reversal
Price expected to trend down before a weak uptrend today. Most of the Oscillator indicators are neutral. MACD line had a recent uptrend but MACD histogram is decreasing. RSI and CCI, are trending down and are above their midpoints. CCI crossed down below 100 which is a bearish sign. Another interesting point to notice here is that price has bounced back form upper bollinger and might take support from bollinger mid line. Decreasing volumes suggest downtrend might not last long!
----------------------------------------------------------------------------------------
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
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.