BTCUSD - Sideways Today. Price Technical Analysis #69
Market in last 24 hrs
- BTCUSD price volatility was relatively wrt last week. Overall market moved 400 points, between 9.0k and 9.4k
- Price at time of publishing: $9,440
- BTC’s market cap: $172 Billion
Today’s Trend analysis
Price should trend sideways today. Oscillators are neutral but compared to yesterday many have now flipped to indicate a sideways trend. MACD is above 0 but RSI and CCI are in over bought zone, indicating a trend reversal is possible.
Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto tokens. We are observing an increased trade volume and price volatility .
- Sideways today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 64
- ‘Moving average‘ indicators indicating buying opportunity. 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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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
- BTCUSD price volatility was relatively wrt last week. Overall market moved 400 points, between 9.0k and 9.4k
- Price at time of publishing: $9,440
- BTC’s market cap: $172 Billion
Today’s Trend analysis
Price should trend sideways today. Oscillators are neutral but compared to yesterday many have now flipped to indicate a sideways trend. MACD is above 0 but RSI and CCI are in over bought zone, indicating a trend reversal is possible.
Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto tokens. We are observing an increased trade volume and price volatility .
- Sideways today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 64
- ‘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.
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
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