BitcoinUpdated 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 closed: stop reached
Sudden volume surge was followed by drop in price by 15%, as low at $8,100.
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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.