BTC - Sideways Today! Bulls and Bears Fighting to Gain Control.
Market in last 24hrs
- BTCUSD price consolidated
- Price volatility was low. Market moved ~2%, between $9.37k and $9.63k
Today’s Trend analysis
- Sideways/consolidation today
- Price at time of publishing: $9,570
- BTC’s market cap: $176 Billion
- ‘Oscillator‘ indicators are mostly neutral. RSI at 57
- ‘Moving average‘ indicators are indicating an uptrend. Ichimoku Cloud is neutral
Price expected to consolidate today. Most of the Oscillator indicators are neutral. MACD histogram continues to be in negative zone and MACD is trending down but RSI is now trending sideways and CCI is trending upward. RSI and CCI are currently at 57 and 54. All factors indicating that bulls and bears are struggling to gain control. Overall, price is now expected to move sideways.
Interesting point to notice is that Bollinger Bands are converging and trade volume is much lower than average. A breakout, in either direction is possible.
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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 consolidated
- Price volatility was low. Market moved ~2%, between $9.37k and $9.63k
Today’s Trend analysis
- Sideways/consolidation today
- Price at time of publishing: $9,570
- BTC’s market cap: $176 Billion
- ‘Oscillator‘ indicators are mostly neutral. RSI at 57
- ‘Moving average‘ indicators are indicating an uptrend. Ichimoku Cloud is neutral
Price expected to consolidate today. Most of the Oscillator indicators are neutral. MACD histogram continues to be in negative zone and MACD is trending down but RSI is now trending sideways and CCI is trending upward. RSI and CCI are currently at 57 and 54. All factors indicating that bulls and bears are struggling to gain control. Overall, price is now expected to move sideways.
Interesting point to notice is that Bollinger Bands are converging and trade volume is much lower than average. A breakout, in either direction is possible.
----------------------------------------------------------------------------------------
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
交易结束：到达止损:
Price saw sudden upward movement. This was accompanied by high increase in trade volume.
