Market in last 24 hrs
- As predicted in the previous analysis, BTCUSD market consolidated. Market moved ~3%, between $8.7k and $9.0k
- Price at time of publishing: $8,830
- BTC’s market cap: $166 Billion
Today’s Trend analysis
Price expected to be move up today. Most of the Oscillator indicators are neutral. MACD histogram is now in positive zone. RSI and CCI are weakly trending up, currently at 40 and -70 and CCI has cross up -100, indicating that bears are loosing strength and trend reversal is around the corner. To add to this, price has bounce up from lower Bollinger Band. Price movement is expected to be choppy today before it starts moving up.
- Weak uptrend today
- ‘Oscillator‘ indicators are mostly neutral. RSI at 40
- ‘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 market consolidated. Market moved ~3%, between $8.7k and $9.0k
- Price at time of publishing: $8,830
- BTC’s market cap: $166 Billion
Today’s Trend analysis
Price expected to be move up today. Most of the Oscillator indicators are neutral. MACD histogram is now in positive zone. RSI and CCI are weakly trending up, currently at 40 and -70 and CCI has cross up -100, indicating that bears are loosing strength and trend reversal is around the corner. To add to this, price has bounce up from lower Bollinger Band. Price movement is expected to be choppy today before it starts moving up.
- Weak uptrend today
- ‘Oscillator‘ indicators are mostly neutral. RSI at 40
- ‘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!
Trade closed: target reached:
As predicted, BTC market saw an uptrend.
Interesting to notice now is that price is touching upper bollinger band.
Interesting to notice now is that price is touching upper bollinger band.
