BTCUSD to see an uptrend(4Hr)! |Cont. squeeze potential breakout
Market in last 24hrs
Today’s Trend analysis
Price expected to see an uptrend as the price is trading inside the band with support from lower band and continued Bollinger band squeeze. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram fluctuating in the positive direction. RSI at 47, in the neutral region. CCI at around 27, in the neutral region with an up move. Another interesting point to notice here is that the volume observed an increase in value as the price was low while decreased as the price saw an increase indicating a shift from buyers to sellers.
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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 4Hr 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 a sideways movement with breaking the midline Bollinger band
- Price volatility was very high. The market moved ~4.75%, between 10.28k and 9.81k
Today’s Trend analysis
- BTCUSD expected to see an uptrend as the price is trading inside the band with support from lower band and continued Bollinger band squeeze
- Price at time of publishing: $10,216
- BTC’s market cap: $188 Billion
- Oscillator indicators are mostly neutral. RSI at 47
- Moving average indicators are mostly neutral. Ichimoku Cloud is neutral
- Volume indicators observed an increase in value as the price was low while decreased as the price saw an increase
Price expected to see an uptrend as the price is trading inside the band with support from lower band and continued Bollinger band squeeze. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram fluctuating in the positive direction. RSI at 47, in the neutral region. CCI at around 27, in the neutral region with an up move. Another interesting point to notice here is that the volume observed an increase in value as the price was low while decreased as the price saw an increase indicating a shift from buyers to sellers.
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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 4Hr 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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