BTCUSD to see an uptrend(4Hr)|Low Volatility | History to repeat
Market in last 24hrs
Today’s Trend analysis
Price expected to see an uptrend, price to repeat the history after getting support from the support line. Most of the Oscillator indicators are neutral. MACD line approaching signal line from below, with the histogram size decreasing in the negative region suggesting bearish bias. RSI at 40, below the midline in the neutral region. CCI at around -47, in the neutral region with an up move. Another interesting point to notice here is that the volume observed a decrease as the price increased while saw an increase in volume as price declined indicating bullish momentum along with Bollinger band squeeze taking place.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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If you find the analysis useful, please like and share our ideas with the community as well as follow to stay updated with new ideas!
- Mudrex
- BTCUSD saw an uptrend followed by a decline making the price move sideways
- Price volatility was low. The market moved ~1.98%, between 10.57k and 10.37k
Today’s Trend analysis
- BTCUSD expected to see an uptrend, price to repeat the history after getting support from the support line
- Price at time of publishing: $10,479
- BTC’s market cap: $193 Billion
- Oscillator indicators are mostly neutral. RSI at 40
- Moving average indicators are indicating a downtrend. Ichimoku Cloud is neutral
- Volume indicators observed a decrease as the price increased while saw an increase in volume as price declined
Price expected to see an uptrend, price to repeat the history after getting support from the support line. Most of the Oscillator indicators are neutral. MACD line approaching signal line from below, with the histogram size decreasing in the negative region suggesting bearish bias. RSI at 40, below the midline in the neutral region. CCI at around -47, in the neutral region with an up move. Another interesting point to notice here is that the volume observed a decrease as the price increased while saw an increase in volume as price declined indicating bullish momentum along with Bollinger band squeeze taking place.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community as well as follow to stay updated with new ideas!
- Mudrex
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