BTC - Consolidation Today, But A Big Move Is Near!
Market in last 24hrs
- As predicted in the previous analysis, BTCUSD price continued consolidation
- Price volatility was low. Market moved just ~1.5%, between 9.34k and 9.48k
Today’s Trend analysis
- Sideways today
- Price at time of publishing: $9,410
- BTC’s market cap: $174 Billion
- ‘Oscillator‘ indicators are neutral. RSI at 43
- ‘Moving average‘ indicators are indicating a downtrend. Ichimoku Cloud is neutral
Price expected to trend sideways today. Most of the Oscillator indicators are neutral. MACD histogram is now in positive zone and MACD line is trending up, though still below 0. RSI has been flat for sometime now, oscillating below its midpoint 50, around 42. CCI, the more reactive oscillator, is moving between -50 and 0. All factors indicating that both bulls and bears are struggling. Overall, price is expected to move sideways.
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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
- As predicted in the previous analysis, BTCUSD price continued consolidation
- Price volatility was low. Market moved just ~1.5%, between 9.34k and 9.48k
Today’s Trend analysis
- Sideways today
- Price at time of publishing: $9,410
- BTC’s market cap: $174 Billion
- ‘Oscillator‘ indicators are neutral. RSI at 43
- ‘Moving average‘ indicators are indicating a downtrend. Ichimoku Cloud is neutral
Price expected to trend sideways today. Most of the Oscillator indicators are neutral. MACD histogram is now in positive zone and MACD line is trending up, though still below 0. RSI has been flat for sometime now, oscillating below its midpoint 50, around 42. CCI, the more reactive oscillator, is moving between -50 and 0. All factors indicating that both bulls and bears are struggling. Overall, price is expected to move sideways.
----------------------------------------------------------------------------------------
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
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