BTCUSD - Downtrend Today. Price Technical Analysis #75
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Market in last 24 hrs
- BTCUSD price saw a gradual upward movement. Market moved ~950 points, between 9k and 9.5k
- Price at time of publishing: $9,715
- BTC’s market cap: $177 Billion
Today’s Trend analysis
Price should trend downwards today. Oscillators are neutral with a bias towards ‘sell’ side. MACD is at 140, far above 0. Both RSI and CCI are in over-bought zone, indicating that a downward momentum has built up.
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.
- Downwards today
- ‘Oscillator‘ indicators are mostly neutral, with bias towards sell side. RSI crossing down 70
- ‘Moving average‘ indicators are indicating a uptrend. 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 saw a gradual upward movement. Market moved ~950 points, between 9k and 9.5k
- Price at time of publishing: $9,715
- BTC’s market cap: $177 Billion
Today’s Trend analysis
Price should trend downwards today. Oscillators are neutral with a bias towards ‘sell’ side. MACD is at 140, far above 0. Both RSI and CCI are in over-bought zone, indicating that a downward momentum has built up.
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.
- Downwards today
- ‘Oscillator‘ indicators are mostly neutral, with bias towards sell side. RSI crossing down 70
- ‘Moving average‘ indicators are indicating a uptrend. 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
Dagangan aktif
As predicted, BTCUSD saw a trend reversal and started moving down. We are still waiting for the last 4hr candle to close.
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Penafian
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