BTCUSD bearish (4Hr) | Gap Down suggested, Time to sell?
Market in last 24hrs
-BTCUSD saw a sudden spike and got rejected from 12.08k.
-Price volatility was high. The market moved ~5.37%, between 12.08k and 11.47k
Today’s Trend analysis
-BTCUSD expected to see a downtrend after rejecting from 12.08k as gap down is suggested.
-Price at time of publishing: $11,724
-BTC’s market cap: $216 Billion
-Oscillator indicators are mostly neutral. RSI at 50.
-Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral
-Volume indicators observed ups and downs in the volume with the 20-candle moving average remaining the same.
Price expected to see a downtrend after rejecting from 12.08k as Gap Down is observed from Bollinger Band squeeze. Most of the Oscillator indicators are neutral. MACD histogram is positive, but changing it’s direction frequently as MACD and the signal line are moving hand in hand. 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 247. Another interesting point to notice here is that the candle moved out of upper band and saw it’s low same as it’s close suggesting a gap down and downtrend.
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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 sudden spike and got rejected from 12.08k.
-Price volatility was high. The market moved ~5.37%, between 12.08k and 11.47k
Today’s Trend analysis
-BTCUSD expected to see a downtrend after rejecting from 12.08k as gap down is suggested.
-Price at time of publishing: $11,724
-BTC’s market cap: $216 Billion
-Oscillator indicators are mostly neutral. RSI at 50.
-Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral
-Volume indicators observed ups and downs in the volume with the 20-candle moving average remaining the same.
Price expected to see a downtrend after rejecting from 12.08k as Gap Down is observed from Bollinger Band squeeze. Most of the Oscillator indicators are neutral. MACD histogram is positive, but changing it’s direction frequently as MACD and the signal line are moving hand in hand. 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 247. Another interesting point to notice here is that the candle moved out of upper band and saw it’s low same as it’s close suggesting a gap down and downtrend.
----------------------------------------------------------------------------------------
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
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