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BTCUSD - Local Uptrend Today. 21 June 2020
Market in last 24hrs
- BTCUSD price consolidated
- Price volatility was low. Market moved ~2%, between $9.23k and $9.43k
Today’s Trend analysis
- Uptrend today
- Price at time of publishing: $9,350
- BTC’s market cap: $171 Billion
- ‘Oscillator‘ indicators are neutral with a bias towards uptrend. RSI at 49
- ‘Moving average‘ indicators are indicating a downtrend. Ichimoku Cloud is neutral
- Volume indicators are signaling at an uptrend
Price expected to trend up today. Most of the Oscillator indicators are neutral with a bias towards buying side. MACD histogram is in negative zone and MACD line is tending up. RSI is trending almost flat, oscillating around its midpoint 50. CCI , the more reactive oscillator, is trending up near, now near 0. Another interesting point to notice is that green volume candles are supported more and on balance volume indicator is trending up, indicating that the buying is getting stronger. All factors indicating that bulls have gained strength. Overall, price is expected to move up today.
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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
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Mudrex Price Analysis #95 Bitcoin (BTC/USD) – 10th June 2020
Market in last 24hrs
- BTCUSD price continued consolidation
- Price volatility was low. Market moved just ~1.5%, between $9.67k and $9.84k
Today’s Trend analysis
- Sideways today
- Price at time of publishing: $9,770
- BTC’s market cap: $176 Billion
- ‘Oscillator‘ indicators are neutral. RSI at 56
- ‘Moving average‘ indicators are indicating an uptrend. Ichimoku Cloud is neutral
Price expected to trend sideways today. Most of the Oscillator indicators are neutral. MACD histogram continues to be in positive zone and MACD line is trending up. RSI has been flat for sometime now, oscillating around its midpoint 50. CCI , the more reactive oscillator, is moving between 0 and 100. All factors indicating that both bulls and bears are struggling. Overall, price is now expected to move sideways today.
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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
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Mudrex Bitcoin Daily Price Analysis #86Market in last 24 hrs - As predicted in the previous analysis, BTCUSD price moved up - Market moved ~6%, between $8.7k and $9.2k - BTC’s market cap: $169 Billion Summary of today's analysis - Price at time of publishing: $9,145 - Weak uptrend today Charts + details: https://www.tradingview.com/chart/BTCUSD/Iu5s3Stt-BTCUSD-Weak-Uptrend-Today-Price-Technical-Analysis-86/DM for details of the analysis. --------------------------------------------------------- Note: The is a series of daily price analysis we share on tradingview. 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, hence the analysis is to be best used for next 24 hours. ---------------------------------------------------------------------------------------- About Mudrex: Mudrex.com is the best platform to build NO-code Cryptocurrency auto-trading bots. Individuals can invest in bundle of verified bots created by professional traders. Join now & get $25 as sign-up bonus. Hurry! Limited period offer. https://mudrex.com/signup?referral_code=MUDR3436Join our 1k+ member strong Discord community: https://discord.gg/DV3PKsuTwitter page: https://twitter.com/officialmudrex
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BTCUSD - Sideways/Choppy Today. Price Technical Analysis #80
Market in last 24 hrs
- As predicted in yesterday’s analysis, BTCUSD price consolidated. Both bulls and bears tried to gain control, but none succeeded.
- Market moved ~1.5%, between $9.6k and $9.8k
- Price at time of publishing: $9,770
- BTC’s market cap: $180 Billion
Today’s Trend analysis
Price should continue sideways trend today. Oscillators are mostly neutral. MACD histogram is in negative zone but RSI is at 57 and CCI at 70, both higher compared to yesterday. Overall neither bulls nor bears have enough strength to drive the market up or down.
- Choppy/Sideways today
- ‘Oscillator‘ indicators are mostly neutral. RSI at 57
- ‘Moving average‘ indicators are indicating an 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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Mudrex.com is the best platform to build NO-code Crypto auto-trading bot.
Individuals can invest in verified bots created by professional traders.
Signup now & get $25 bonus - https://[Suspicious link removed]/signupMX
Discord - https://[Suspicious link removed]/discordMX
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BTCUSD - Sideways/Choppy Today. Price Technical Analysis #78
Market in last 24 hrs
- BTCUSD price consolidated. Both bulls and bears tried to gain control, but both failed. Market moved ~550 points, between $9.4k and $10k, just 40 short of $10k mark!
- Price at time of publishing: $9,720
- BTC’s market cap: $173 Billion
Today’s Trend analysis
Price should continue sideways trend today. Oscillators are mostly neutral. MACD is at 115. RSI is at 57 and CCI at 77, both moving lower compared to yesterday, confirming that bulls are loosing strength. To add to this, price bounced back from upper Bollinger Band .
- Choppy/Sideways today
- ‘Oscillator‘ indicators are mostly neutral, with bias towards buy side. RSI at 57
- ‘Moving average‘ indicators are indicating an 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 .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
Mudrex.com is the best platform to build NO-code Crypto auto-trading bot.
Individuals can invest in verified bots created by professional traders.
Signup now & get $25 bonus - https://[Suspicious link removed]/signupMX
Discord - https://[Suspicious link removed]/discordMX
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BTCUSD - Sideways Today - 39th May 2020. Price Technical Analysis #71Market in last 24 hrs - BTCUSD price moved almost 500 points, between $9.5k and $10k - Price at time of publishing: $9,990 - Price crossed important resistance level of $9,700 - BTC’s market cap: $176 Billion Today’s Trend analysis Price should trend sideways today. Oscillators are mostly neutral and compared to yesterday many have now flipped to indicate a neutral trend. MACD is at -200, indicating yesterday's downward trend. RSI and CCI are in near neutral zone, indicating that no directional momentum currently has strength. Halving-Hype has been affecting price of 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 57 - ‘Moving average‘ indicators indicating buying opportunity. 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 . ---------------------------------------------------------------------------------------- About Mudrex:Mudrex.com is the best platform to build NO-code Cryptocurrency auto-trading bots. Individuals can invest in bundle of verified bots created by professional traders. Join now & get $25 as sign-up bonus. Hurry! Limited period offer. https://mudrex.com/signup?referral_code=MUDR3436Join our 1k+ member strong Discord community: https://discord.gg/DV3PKsuTwitter page: https://twitter.com/officialmudrex
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BTCUSD - Uptrend Today - 30 Apr 2020. Price Technical Analysis #63Market in last 24 hrs- BTCUSD has been very volatile. Market moved more than 14%, between $8.1k to $9.5k. Second last 4H candle saw a movement of 8% - Price at time of publishing: $8,890 - BTC’s market cap: $163 Billion Today’s Trend analysisPrice should trend up today. Oscillators are neutral but with a strong bias towards buy side. MACD is indicating a buy opportunity. CCI and RSI both are in over-bought zone. A trend reversal is just around the corner. Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto token. We are observing an increased trade volume and price volatility . - Uptrend today - ‘Oscillator‘ indicators are mostly neutral. RSI is over-bought zone - ‘Moving average‘ indicators indicating buying opportunity ---------------------------------------------------------------------------------------- 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 . ---------------------------------------------------------------------------------------- About Mudrex:Mudrex.com is the best platform to build NO-code Cryptocurrency auto-trading bots. Individuals can invest in bundle of verified bots created by professional traders. Join now & get $25 as sign-up bonus. Hurry! Limited period offer. https://mudrex.com/signup?referral_code=MUDR3436Join our 1k+ member strong Discord community: https://discord.gg/DV3PKsuTwitter page: https://twitter.com/officialmudrex
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Nice to see you posting here  Thank you. Hope the analysis has been useful. |
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BTCUSD - Downtrend Today - 27 Apr 2020. Price Technical Analysis #61Market in last 24 hrs- BTCUSD price moved in a range of +/-100 around yesterday starting price of $7,660 - Price at time of publishing: $7,730 - BTC’s market cap: $149 Billion Today’s Trend analysisPrice should see a trend reversal today. Oscillators are mostly neutral but with a stronger bias towards sell side. MACD is indicating a sell opportunity and CCI is in overbought zone. Bears are now gaining control and should act soon. Another interesting point to notice is the correlation between US stock markets ( S&P500 , etc) and BTC price, which is at currently trending at its all time high. - Downtrend today - ‘Oscillator‘ indicators are mostly neutral. RSI is at 66 - ‘Moving average‘ indicators indicating buying opportunity ---------------------------------------------------------------------------------------- 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! ---------------------------------------------------------------------------------------- About Mudrex:Mudrex.com is the best platform to build NO-code Cryptocurrency auto-trading bots. Individuals can invest in bundle of verified bots created by professional traders. Join now & get $25 as sign-up bonus. Hurry! Limited period offer. https://mudrex.com/signup?referral_code=MUDR3436Join our 1k+ member strong Discord community: https://discord.gg/DV3PKsuTwitter page: https://twitter.com/officialmudrex
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BTCUSD - Downtrend Today - 26 Apr 2020. Price Technical Analysis #60The 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. ---------------------------------------------------------------------------------------- Market in last 24 hrs - BTCUSD price consolidated, moving mostly around $7,550, before it took a 150 point jump to trade around $7,700 - Price at time of publishing: $7,660 - BTC’s market cap: $145 Billion Today’s Trend analysis Price should trend down today. Oscillators are mostly neutral but with a bias towards sell side. MACD is indicating a sell opportunity and both CCI and RSI are in overbought zone. Bears have now gaining control and should act soon. Another interesting point to notice is the correlation between US stock markets ( S&P500 , etc) and BTC price, which is at currently trending at its all time high. - Downtrend today - ‘Oscillator‘ indicators are mostly neutral. RSI is at 70 - ‘Moving average‘ indicators indicating buying opportunity 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! ---------------------------------------------------------------------------------------- About Mudrex:Mudrex.com is the best platform to build NO-code Cryptocurrency auto-trading bots. Individuals can invest in bundle of verified bots created by professional traders. Join now & get $25 as sign-up bonus. Hurry! Limited period offer. https://mudrex.com/signup?referral_code=MUDR3436Join our 1k+ member strong Discord community: https://discord.gg/DV3PKsuTwitter page: https://twitter.com/officialmudrex
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BTCUSD - Consolidation Today - 25 Apr 2020. Price Technical Analysis #59The 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. ---------------------------------------------------------------------------------------- Market in last 24 hrs - BTCUSD price consolidated, moving in range of 200 points around $7,500 - Price at time of publishing: $7,540 - BTC’s market cap: $139 Billion Today’s Trend analysis Price should consolidate today. Oscillators are mostly neutral but with a slight bias towards buy side. MACD is indicating a buy opportunity but CCI and RSI both are moving in neutral zone. Another interesting point to notice is the correlation between US stock markets ( S&P500 , etc) and BTC price, which is at currently trending at its all time high. - Consolidation today - ‘Oscillator‘ indicators are mostly neutral. CCI is getting closer to 0 - ‘Moving average‘ indicators indicating buying opportunity 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! ---------------------------------------------------------------------------------------- About Mudrex: Mudrex.com is the best platform to build NO-code Cryptocurrency auto-trading bots. Individuals can invest in bundle of verified bots created by professional traders. Join now & get $25 as sign-up bonus. Hurry! Limited period offer. https://mudrex.com/signup?referral_code=MUDR3436Join our 1k+ member strong Discord community: https://discord.gg/DV3PKsuTwitter page: https://twitter.com/officialmudrex
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BTCUSD - Consolidation Today - 24 Apr 2020. Price Technical Analysis #58The 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. ---------------------------------------------------------------------------------------- Market in last 24 hrs- BTCUSD price consolidated, moving in range of 200 points around $7,550 - Price at time of publishing: $7,500 - BTC’s market cap: $138 Billion Today’s Trend analysisPrice should consolidate today. Oscillators are mostly neutral but with a slight bias towards buy side. MACD is indicating a buy opportunity but CCI and RSI both are already in or are near over-bought zone. A trend reversal is just around the corner, which is making the uptrend momentum weak. Another interesting point to notice is the correlation between US stock markets ( S&P500 , etc) and BTC price, which is at currently trending at its all time high. - Consolidation today - ‘Oscillator‘ indicators are mostly neutral. CCI is over-bought zone - ‘Moving average‘ indicators indicating buying opportunity 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! ---------------------------------------------------------------------------------------- About Mudrex:Mudrex.com is the best platform to build NO-code Cryptocurrency auto-trading bots. Individuals can invest in bundle of verified bots created by professional traders. Join now & get $25 as sign-up bonus. Hurry! Limited period offer. https://mudrex.com/signup?referral_code=MUDR3436Join our 1k+ member strong Discord community: https://discord.gg/DV3PKsuTwitter page: https://twitter.com/officialmudrex
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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. ---------------------------------------------------------------------------------------- Market in last 24 hrs - As predicted yesterday, BTCUSD price consolidated yesterday - Price is above to important psychological resistance level of $7,000 - Price at time of publishing: $7,050 - BTC’s market cap: $129 Billion Today’s Trend analysis Price should trend up today Oscillators are mostly neutral but compared to yesterday, some have shifted to buy side. CCI is closing 50 and RSI is above 50 mark. MACD is indicating a buy opportunity. Overall, weak up-trending momentum is forming. Another interesting point to notice is the correlation between US stock markets ( S&P500 , etc) and BTC price, which is at currently trending at its all time high. - Weak uptrend today - ‘Oscillator‘ indicators are mostly neutral. RSI is above mark - ‘Moving average‘ indicators indicating buying opportunity 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! ---------------------------------------------------------------------------------------- About Mudrex:Mudrex.com is the best platform to build NO-code Cryptocurrency auto-trading bots. Individuals can invest in bundle of verified bots created by professional traders. Join now & get $25 as sign-up bonus. Hurry! Limited period offer. https://mudrex.com/signup?referral_code=MUDR3436Join our 1k+ member strong Discord community: https://discord.gg/DV3PKsuTwitter page: https://twitter.com/officialmudrex |
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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. This is #53 of BTCUSD daily technical analysis, provided by Mudrex. ---------------------------------------------------------------------------------------- Market in last 24 hrs -- As predicted, BTC price consolidated in range $6,960 – $7,200 -- $7,000 has been breached for now -- Price at time of publishing: $7,060 -- BTC’s market cap: $130 Billion Today’s Trend analysis Price should move sideways today with increased volatility . Oscillators are mostly neutral. CCI is now below over-bought zone. RSI is close to 60 but MACD is indicating a buy opportunity. Overall, momentum is neutral. Another interesting point to notice is the correlation between US stock markets ( S&P500 , etc) and BTC price, which is at currently trending at its all time high. -- Sideways today -- ‘Oscillator‘ indicators are mostly neutral. RSI is above 50 mark -- ‘Moving average‘ indicators are indicating buy opportunity, biased by the recent uptrend Visit our blog (blog.mudrex.com) for detailed analysis and indicator list & values. If you find the analysis useful, please like & subscribe and share our ideas & charts with the community! Note: Above analysis would hold true if we do not encounter sudden jump in trade volume. ---------------------------------------------------------------------------------------- About Mudrex: Mudrex.com is the best platform to build NO-code Cryptocurrency auto-trading bots. Individuals can invest in bundle of verified bots created by professional traders. Join now & get $25 as sign-up bonus. Hurry! Limited period offer. https://mudrex.com/signup?referral_code=MUDR3436Join our 1k+ member strong Discord community: https://discord.gg/DV3PKsuTwitter page: https://twitter.com/officialmudrex |
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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. This is #52 of BTCUSD daily technical analysis , provided by Mudrex. ---------------------------------------------------------------------------------------- Market in last 24 hrs - BTC price movement yesterday was very volatile, moving between $6,450 – $7,150 - $7,000 continues to act as a strong psychological resistance level - Price at time of publishing: $7,050 - BTC’s market cap: $129 Billion Today's Trend analysis Price should move sideways today. Oscillators are mostly neutral. CCI is in over-bought zone. RSI is over 50 but MACD is indicating a sell opportunity. Overall, momentum is neutral. Another interesting point to notice is the correlation between US stock markets ( S&P500 , etc) and BTC price, which is at currently trending at its all time high. - Sideways today - ‘Oscillator‘ indicators are mostly neutral. RSI is above 50 mark - ‘Moving average‘ indicators are indicating buy opportunity, biased by the recent uptrend Visit our blog (blog.mudrex.com) for detailed analysis and indicator list & values. If you find the analysis useful, please like & subscribe and share our ideas & charts with the community! Note: Above analysis would hold true if we do not encounter sudden jump in trade volume. ---------------------------------------------------------------------------------------- About Mudrex: Mudrex.com is the best platform to build NO-code Cryptocurrency auto-trading bots. Individuals can invest in bundle of verified bots created by professional traders. Join now & get $25 as sign-up bonus. Hurry! Limited period offer. https://mudrex.com/signup?referral_code=MUDR3436Join our 1k+ member strong Discord community: https://discord.gg/DV3PKsuTwitter page: https://twitter.com/officialmudrex |
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This is #50 of BTCUSD daily technical analysis , provided by Mudrex. ---------------------------------------------------------------------------------------- Market Summary - BTC price movement yesterday was restricted between $6,800 – $7,000 - $7,000 continues to act as a strong psychological resistance level - Price at time of publishing: $6,785 - BTC’s market cap: $124 Billion Trend analysis Price should move sideways today, in range $6,600-$7,000. Oscillators are mostly neutral now, compared to yesterday when they were supporting a weak uptrend. Another interesting point to notice is that the US stock markets ( S&P500 , etc) are up-trending since a last few days. Investor sentiment in traditional market seems to be improving and we have seen BTC following these markets on a macro level. - Sideways today - ‘Oscillator‘ indicators are mostly neutral. RSI is below 50 mark - ‘Moving average‘ indicators are indicating sell opportunity, biased by the recent downtrend Visit our blog (blog.mudrex.com) for detailed analysis and indicator list & values. If you find the analysis useful, please like & subscribe and share our ideas & charts with the community! Note: Above analysis would hold true if we do not encounter sudden jump in trade volume. ---------------------------------------------------------------------------------------- About Mudrex: Mudrex.com is the best platform to build NO-code Cryptocurrency auto-trading bots. Individuals can invest in bundle of verified bots created by professional traders. Join now & get $25 as sign-up bonus. Hurry! Limited period offer. https://mudrex.com/signup?referral_code=MUDR3436Join our 1k+ member strong Discord community: https://discord.gg/DV3PKsuTwitter page: https://twitter.com/officialmudrex |
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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. This is #49 of BTCUSD daily technical analysis, provided by Mudrex. ---------------------------------------------------------------------------------------- Market Summary - BTC price moved almost 700 points yesterday, moving as high at &7,200 and then as low as $6,500 - $7,000 continues to act as a strong psychological resistance level - Price at time of publishing: $6,675 - BTC?s market cap: $121 Billion Trend analysis Price should continue the downtrend today. Oscillators, including MACD , are indicating a downtrend today. Another interesting point to notice is that the US stock markets ( S&P500 , etc) are up-trending since a last few days. Investor sentiment in traditional market seems to be improving and we have seen BTC following these markets. - Weak downtrend today - Many ?Oscillator? indicators are neutral, but with a bias towards sell side. RSI is below 50 - ?Moving average? indicators are indicating sell opportunity, biased by the recent downtrend Visit our TV channel ( https://www.tradingview.com/chart/BTCUSD/wJIX1CZV-BTCUSD-Weak-Downtrend-Today-Price-Technical-Analysis-by-Mudrex/) for detailed analysis and indicator list & values. If you find the analysis useful, please like & subscribe and share our ideas & charts with the community! Note: Above analysis would hold true if we do not encounter sudden jump in trade volume. ---------------------------------------------------------------------------------------- Mudrex.com is the best platform to build NO-code Crypto auto-trading bots. Individuals can invest in verified bots created by professional traders. Signup & get $25- https://mudrex.com/signup?referral_code=MUDR3436Discord - https://discord.gg/DV3PKsu |
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I don't see BTC and traditional markets behaving differently. I am talking about macro trends here.
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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. This is #48 of BTCUSD daily technical analysis , provided by Mudrex. ---------------------------------------------------------------------------------------- Market Summary - BTC price saw a sudden pull-back. Price now is again under $7,000 – the major physiological resistance level - Price at time of publishing: $6,850 - BTC’s market cap: $124 Billion Trend analysis Yesterday, the downtrend was expected, but the sudden fall below 7,000 mark seems unreasonable. Price should try and move closer to $7,000 today. Another interesting point to notice is that the US stock markets ( S&P500 , etc) are up-trending since a last few days. Investor sentiment in traditional market seems to be improving and we have seen BTC following these markets. - Sideways today - Most ‘Oscillator‘ indicators are neutral, with a slight bias towards sell side. CCI is signaling a buying opportunity - ‘Moving averages‘ indicating sell opportunity, which are biased by the recent uptrend Visit our blog for detailed analysis and indicator list & values. If you find the analysis useful, please like & subscribe and share our ideas & charts with the community! Note: Above analysis would hold true if we do not encounter sudden jump in trade volume . ---------------------------------------------------------------------------------------- About Mudrex:Mudrex.com is the best platform to build NO-code Cryptocurrency auto-trading bots. Individuals can invest in bundle of verified bots created by professional traders. Join now & get $25 as sign-up bonus. Hurry! Limited period offer. https://mudrex.com/signup?referral_code=MUDR3436Join our 1k+ member strong Discord community: https://discord.gg/DV3PKsuTwitter page: https://twitter.com/officialmudrex |
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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. This is #47 of BTCUSD daily technical analysis , provided by Mudrex. ---------------------------------------------------------------------------------------- Market Summary- As predicted yesterday, we saw a trend reversal and strong uptrend was followed by a weak downtrend - Price at time of publishing: $7,285 - BTC’s market cap: $133 Billion Trend analysisAfter the uptrend in past few days, yesterday’s weak downtrend should be followed by price consolidation as most oscillator indicators are neutral. Another interesting point to notice is that the US stock markets ( S&P500 , etc) are up-trending today as well. Investor sentiment in traditional market seems to be improving and we have seen BTC following these markets. - Sideways today- Most ‘Oscillator‘ indicators are neutral. MACD is signaling a sell opportunity - ‘Moving averages‘ indicating buy opportunity, which are biased by the recent uptrend Visit our blog for detailed analysis and indicator list & values. If you find the analysis useful, please like & subscribe and share our ideas & charts with the community! Note: Above analysis would hold true if we do not encounter sudden jump in trade volume . ---------------------------------------------------------------------------------------- About Mudrex:Mudrex.com is the best platform to build NO-code Cryptocurrency auto-trading bots. Individuals can invest in bundle of verified bots created by professional traders. Join now & get $25 as sign-up bonus. Hurry! Limited period offer. https://mudrex.com/signup?referral_code=MUDR3436Join our 1k+ member strong Discord community: https://discord.gg/DV3PKsuTwitter page: https://twitter.com/officialmudrex |
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