BTCUSD - Sideways/Choppy Today. Price Technical Analysis #74
Updated
Market in last 24 hrs
- BTCUSD price saw a gradual upward movement. Market moved 500 points, between 8.6k and 9.1k
- Price at time of publishing: $9,136
- BTC’s market cap: $168 Billion
Today’s Trend analysis
Price should trend sideways today. Oscillators are neutral and compared to yesterday none have moved. MACD is at -53, far below 0. RSI is moving close to its neutral zone but CCI has moved to 180, indicating that a bulls momentum is building up.
Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto tokens. We are observing an increased trade volume and price volatility.
- Sideways/Choppy today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 55
- ‘Moving average‘ indicators are indicating a uptrend. 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!
- Mudrex
- BTCUSD price saw a gradual upward movement. Market moved 500 points, between 8.6k and 9.1k
- Price at time of publishing: $9,136
- BTC’s market cap: $168 Billion
Today’s Trend analysis
Price should trend sideways today. Oscillators are neutral and compared to yesterday none have moved. MACD is at -53, far below 0. RSI is moving close to its neutral zone but CCI has moved to 180, indicating that a bulls momentum is building up.
Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto tokens. We are observing an increased trade volume and price volatility.
- Sideways/Choppy today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 55
- ‘Moving average‘ indicators are indicating a uptrend. 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!
- Mudrex
Trade closed: stop reached
Market in last 24 hrsBTCUSD price saw a gradual upward movement. Market moved ~950 points, between 9k and 9.5k
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