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BTCUSD - Downward Trend Today. Price Technical Analysis #83

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Market in last 24 hrs
- As predicted in previous analysis, BTCUSD price consolidated. Market moved ~3%, between $9.1k and $9.3k
- Price at time of publishing: $8,955
- BTC’s market cap: $166 Billion

Today’s Trend analysis
Price expected to move downward today. Most of the Oscillator indicators are neutral with a bias towards sell side. MACD histogram is now in negative zone. RSI and CCI are trending down, currently at 34 and -166 respectively. Overall, marketed conditions imply that the bears are in control.
- Downward trend today
- ‘Oscillator‘ indicators are mostly neutral. RSI at 34
- ‘Moving average‘ indicators have flipped to indicate 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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Trade active: As predicted, price saw a downtrend in last 24 hours.
Trade closed: target reached: As predicted in the analysis, price moved in the region defined in above analysis.
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Comments

Great analysis :)
Reply
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
Reply
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Reply
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