BTCUSD expected to continue uptrend! (1D) | Higher Lows observed
Market in last 1 week
-BTCUSD saw an uptrend after rejecting from Upper Bollinger Band at 12.13k
-Price volatility was very high. Market moved ~15.06%, between 12.13k and 10.55k
Today’s Trend analysis
-BTCUSD expected to see a continued uptrend as higher lows observed in recent candles
-Price at time of publishing: $11,711
-BTC’s market cap: $216 Billion
-Oscillator indicators are mostly neutral. RSI at 69
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators indicated increase in volume in recent red candles i.e. when the price was falling indicating a strong selling pressure
Price expected to see a continued uptrend as higher lows have been observed. Most of the Oscillator indicators are neutral. MACD histogram size increasing in the positive region. RSI at 69, close to the overbought region indicating a bullish bias. CCI is around 77, and in neutral region trending down, decreased from 388 to 77. Another interesting point to notice here is that higher lows have been observed with the volume being more than 20-candle moving average in recent candles.
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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 1 D 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 an uptrend after rejecting from Upper Bollinger Band at 12.13k
-Price volatility was very high. Market moved ~15.06%, between 12.13k and 10.55k
Today’s Trend analysis
-BTCUSD expected to see a continued uptrend as higher lows observed in recent candles
-Price at time of publishing: $11,711
-BTC’s market cap: $216 Billion
-Oscillator indicators are mostly neutral. RSI at 69
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators indicated increase in volume in recent red candles i.e. when the price was falling indicating a strong selling pressure
Price expected to see a continued uptrend as higher lows have been observed. Most of the Oscillator indicators are neutral. MACD histogram size increasing in the positive region. RSI at 69, close to the overbought region indicating a bullish bias. CCI is around 77, and in neutral region trending down, decreased from 388 to 77. Another interesting point to notice here is that higher lows have been observed with the volume being more than 20-candle moving average in recent candles.
----------------------------------------------------------------------------------------
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 1 D 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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