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Mudrex
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BTCUSD to consolidate(4Hr)| Bullish MACD| Strong buying pressure 

Bitcoin / United States DollarCoinbase

الوصف

Market in last 24hrs
  • BTCUSD saw an uptrend followed by getting resistance from upper band
  • Price volatility was high. The market moved ~4.97%, between 10.79k and 10.28k

Today’s Trend analysis
  • BTCUSD expected to see an uptrend, price trading inside bands and after getting resistance midline support expected with higher lows being observed
  • Price at time of publishing: $10,594
  • BTC’s market cap: $196 Billion
  • Oscillator indicators are mostly neutral. RSI at 51
  • Moving average indicators are mostly neutral. Ichimoku Cloud is neutral
  • Volume indicators from observed high value for blue candles while relatively low value for red ones

Price expected to see an uptrend, price trading inside bands and after getting resistance midline support expected with higher lows being observed. Most of the Oscillator indicators are neutral. MACD line moving above signal line, with the histogram size increasing in the positive region suggesting bullish bias. RSI at 51, above the midline in the neutral region. CCI at around 59, in the neutral region with a pullback from overbought region. Another interesting point to notice here is that the volume observed high value for blue candle which increased as price increased while relatively low value for red candles indicating strengthened buying pressure.
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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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- Mudrex
التعليقات
crypt0analyst_
lets get it bro
CobraVanguard
good job
my Analysis
f-73
Well what i find curious was how weak was the recent selloff.
Look at volume.

Pulling price down from 11k to 9k should have been pretty easy for bears and a ABC was (is) almost in the cards ...
Still all they did achieve so far was a further test of support on pretty average volume.

Pretty strange if you ask me.
PolarHusk
Good idea mate.
Mudrex
DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
Mudrex
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
المزيد