BTCUSD - Downward Trend Today. Price Technical Analysis #72
Market in last 24 hrs
- BTCUSD price saw a sudden downward trend after volume surge. Overall market moved 15%, between 8.1k and 9.8k
- Price at time of publishing: $8,870
- BTC’s market cap: $165 Billion
Today’s Trend analysis
Price should trend downwards today. Oscillators are neutral but compared to yesterday many have now flipped to indicate downward momentum. MACD is at -170, far below 0 and RSI & CCI are in below neutral zone, indicating that bears have gained strength.
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. RSI is at 43
- ‘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 saw a sudden downward trend after volume surge. Overall market moved 15%, between 8.1k and 9.8k
- Price at time of publishing: $8,870
- BTC’s market cap: $165 Billion
Today’s Trend analysis
Price should trend downwards today. Oscillators are neutral but compared to yesterday many have now flipped to indicate downward momentum. MACD is at -170, far below 0 and RSI & CCI are in below neutral zone, indicating that bears have gained strength.
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. RSI is at 43
- ‘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 closed: target reached
As predicted, BTCUSD moved downwards yesterday.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.