BTCUSD - Sideways Trend Today. Price Technical Analysis #84
Market in last 24 hrs
- As predicted in the previous analysis, BTCUSD price moved down
- Market moved ~7%, between $8.6k and $9.2k
- Price at time of publishing: $8,780
- BTC’s market cap: $162 Billion
Today’s Trend analysis
Price movement expected to be choppy/sideways today. Most of the Oscillator indicators are neutral. MACD histogram is in negative zone but RSI and CCI are now trending up, currently at 33 and -132. RSI has already crossed up 30 and CCI is almost about to cross up -100, indicating that a trend reversal is around the corner. To add to this, price is touching lower Bollinger Band and expected to bounce back. Overall, market conditions imply that the price movement today is going to be choppy.
- Choppy/Sideways today
- Oscillator indicators are mostly neutral. RSI at 33
- Moving-Average indicators are indicating a downtrend. Ichimoku Cloud is neutral
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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!
- As predicted in the previous analysis, BTCUSD price moved down
- Market moved ~7%, between $8.6k and $9.2k
- Price at time of publishing: $8,780
- BTC’s market cap: $162 Billion
Today’s Trend analysis
Price movement expected to be choppy/sideways today. Most of the Oscillator indicators are neutral. MACD histogram is in negative zone but RSI and CCI are now trending up, currently at 33 and -132. RSI has already crossed up 30 and CCI is almost about to cross up -100, indicating that a trend reversal is around the corner. To add to this, price is touching lower Bollinger Band and expected to bounce back. Overall, market conditions imply that the price movement today is going to be choppy.
- Choppy/Sideways today
- Oscillator indicators are mostly neutral. RSI at 33
- Moving-Average indicators are indicating a downtrend. Ichimoku Cloud is neutral
----------------------------------------------------------------------------------------
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!
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As predicted, BTC market consolidated and moved in the region specified in above analysis.
