BTCUSD - Sideways/Choppy Today. Price Technical Analysis #71
Market 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
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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 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.
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
Trade stängt: Stopp nått:
Sudden volume surge was followed by drop in price by 15%, as low at $8,100.
