BTCUSD to consoldiate(4Hr)! | Price b/w lower and midline band
Market in last 24hrs
Today’s Trend analysis
Price expected to see a slight uptrend after getting support from the lower band as the price is trading between midline and lower band. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size decreasing in the positive direction. RSI at 33, in the neutral region. CCI at around -136, in the oversold region with a down move indicating an uptrend. Another interesting point to notice here is that the volume observed relatively low value indicating a bearish momentum as well as a decrease in the trades
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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 4Hr 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 sideways movement with Bollinger band squeeze and price moving below the midline
- Price volatility was very high. The market moved ~3.58%, between 10.36k and 10k
Today’s Trend analysis
- BTCUSD expected to see a slight uptrend after getting support from the lower band as the price is trading between midline and lower band
- Price at time of publishing: $10,017
- BTC’s market cap: $185 Billion
- Oscillator indicators are mostly neutral. RSI at 33
- Moving average indicators are indicating a downtrend. Ichimoku Cloud is neutral
- Volume indicators observed relatively low value indicating a bearish momentum as well as decrease in the trades
Price expected to see a slight uptrend after getting support from the lower band as the price is trading between midline and lower band. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size decreasing in the positive direction. RSI at 33, in the neutral region. CCI at around -136, in the oversold region with a down move indicating an uptrend. Another interesting point to notice here is that the volume observed relatively low value indicating a bearish momentum as well as a decrease in the trades
----------------------------------------------------------------------------------------
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 4Hr 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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