Market in last 24hrs
-BTCUSD saw a downtrend after rejecting from Upper Bollinger Band
-Price volatility was high. The market moved ~3.17%, between $12.02k and $11.65k
Today’s Trend analysis
-BTCUSD expected to see a downtrend further as lower highs have been observed
-Price at time of publishing: $11,750
-BTC’s market cap: $217 Billion
-Oscillator indicators are mostly neutral. RSI at 50.
-Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral
-Volume indicators observed a decrease in volume as red candles were observed indicating high volatility
Price expected to see a downtrend after rejecting from Bollinger Band as lower highs have been observed. Most of the Oscillator indicators are neutral. MACD crossed below signal line with histogram increasing in size in negative driection. RSI at 50, around midline with a downmove in the neutral region. CCI at -8, in the neutral region, got back from overbought region with a value of 140. Another interesting point to notice here is that the volume is decreasing as red candles are observed indicating high volatility suggesting a downtrend continuation.
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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 1 D 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 downtrend after rejecting from Upper Bollinger Band
-Price volatility was high. The market moved ~3.17%, between $12.02k and $11.65k
Today’s Trend analysis
-BTCUSD expected to see a downtrend further as lower highs have been observed
-Price at time of publishing: $11,750
-BTC’s market cap: $217 Billion
-Oscillator indicators are mostly neutral. RSI at 50.
-Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral
-Volume indicators observed a decrease in volume as red candles were observed indicating high volatility
Price expected to see a downtrend after rejecting from Bollinger Band as lower highs have been observed. Most of the Oscillator indicators are neutral. MACD crossed below signal line with histogram increasing in size in negative driection. RSI at 50, around midline with a downmove in the neutral region. CCI at -8, in the neutral region, got back from overbought region with a value of 140. Another interesting point to notice here is that the volume is decreasing as red candles are observed indicating high volatility suggesting a downtrend continuation.
----------------------------------------------------------------------------------------
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 1 D 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
