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DOGEUSD(4Hr) : DOGE digging deep in the groundMarket in the last 24hrs The price saw a downward movement in the last 24 hours as it moved from the middle to the bottom Bollinger band. Trading volume has been low in the last 24 hours but had high volatility. Today’s Trend analysis DOGEUSD is expected to see some consolidation in the next 24 hours. The price is expected to oscillate between the bottom and the middle Bollinger bands. Price volatility was very high at approximately 8.95%, with the day's range between $0.161 — $0.178. Price at the time of publishing: $0.162 DOGE’s market cap: $21.15 Billion However, the Indicator summary is giving a 'STRONG SELL' signal on DOGEUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 are neutral and 0 are giving a BUY signal. Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal. Trading volume has been low in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BITTREX:DOGEUSDShort
by Mudrex
7
ETH enters long term bearish territory| Volume remain lowIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: ETH has dropped below the crucial support level. It will now act as a sturdy resistance zone keeping a check on ETH moving higher. On the technical front, price is still below the long term 200-day Moving Average. However, the traded volume continues to remain low signalling retail sell-off and not institutional sell-off. Market in the last 24hrs ETH suffered a rapid decline over the past 24 hours. Today’s Trend analysis ETH will likely remain under huge pressure. We might see a short pump. However, it is important to be careful while trading the bull trap, as the conditions seem quite bearish at the moment. The only way we would see a reversal if we see huge buying pressure combined with large volumes. Price volatility remained high at approximately 6.2%, with the day's range between $1805. 00 — $1918.87. Price at the time of publishing: $1830.07 ETH's market cap: $213.34 Billion Out of 11 Oscillator indicators, 9 are neutral, 2 are bearish and none are bullish . Out of 15 Moving average indicators, 1 is 'NEUTRAL', 14 are bearish and none are bullish . Indicator summary is giving a 'Strong Sell' signal on ETHUSD . Volumes have remained low in the past 24 hours. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using daily timeframe candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ----------------------------------------------------------------------------------------
BITSTAMP:ETHUSDShort
by civilKitten60243
2
Bitcoin continues to be under the grasp of bearsIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: We witnessed an intensely volatile cryptocurrency market. However, the volatility in BTC was quite low compared to most other altcoins. BTC is presently hovering around the $31,000 levels. The overall momentum in BTC is still pretty bearish as per the technical indicators. In our previous analysis on BTCUSD, we had presented a 4hour timeframe analysis on BTCUSD. Our analysis showed the slippery path BTC was on and the large wick on the upside to be a bull trap. Bitcoin’s price declined soon after, confirming the bull trap to be true. Market in the last 24hrs We are currently in the middle of a massive consolidation in BTC. BTC declined by a meager 1.5%. Today’s Trend analysis Such consolidations that form up taking a considerable amount of time get broken with high volumes. In such cases, the breakout or breakdown is usually highly volatile. Traded volumes are still pretty low. The volume candles show that the daily traded volumes are below the 50-day Moving Average. Price volatility remained high at approximately 6.61%, with the day's range between $31,111.15 — $31,881.71. Price at the time of publishing: $31,209.18 BTC's market cap: $586.04 Billion Out of 11 Oscillator indicators, 9 are neutral, 2 are bearish and none are bullish . Out of 15 Moving average indicators, 1 is 'NEUTRAL', 13 are bearish and 1 is bullish. Indicator summary is giving a ‘Strong sell' signal' on BTCUSD . Volumes have remained low in the past 24 hours. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 1-day candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Keep supporting:) -Mudrex
BITSTAMP:BTCUSDShort
by Mudrex
13
XRP(4Hr) : XRP falls below a major support lineMarket in the last 24hrs XRPUSD moved in a consolidated manner in the last 24 hours. The price moved below the triangle suggesting a possible bearish momentum in the future. Trading volume has been low for the past 24 hours. Today’s Trend analysis The price moved below the triangle suggesting a bearish momentum. The price is expected to see the said bearish momentum till it reaches the bottom Bollinger band after which we can expect a consolidated bearish momentum if the price accepts the bottom Bollinger band as a support line. Price volatility was extremely low at approximately 1.14%, with the day's range between $0.573 — $0.591. Price at the time of publishing: $0.581 XRP’s market cap: $26.84 Billion However, the Indicator summary is giving a 'SELL' signal on XRPUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal. Trading volume has been low in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BITSTAMP:XRPUSDShort
by Mudrex
7
ETHUSD(4Hr) : ETH bouncing between 2 major trend lines with low Market in the last 24hrs ETHUSD saw a consolidated movement with a slight indication of bearish momentum in the last 24 hours. The price has been moving in between the middle and bottom Bollinger bands. Trading volume has been moderate and the volume can be seen increasing with a decrease in price suggesting a bearish momentum of the price getting stronger. Today’s Trend analysis Price touched the bottom Bollinger band which usually acts as a strong support line. The price is likely to continue to oscillate between the bottom and the middle Bollinger band until it rejects either the middle band as a resistance line or the bottom band as a support line. Price volatility was low at approximately 1.75%, with the day's range between $1854— $1960. Price at the time of publishing: $1865 ETH's market cap: $219.22 Billion However, the Indicator summary is giving a 'SELL' signal on ETHUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 7 are neutral and 2 are giving a BUY signal. Out of 15 Moving average indicators, 14 are giving a SELL signal, 1 is neutral and 0 are giving a BUY signal. Trading volume has been moderate and the volume can be seen increasing with a decrease in price suggesting a bearish momentum of the price getting stronger. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. Note: Above analysis would hold if we do not encounter a sudden jump in trade volume. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BITSTAMP:ETHUSD
by Mudrex
9
XRP(4Hr) : XRP looking to continue a bearish momentumMarket in the last 24hrs XRPUSD can be seen oscillating between the bottom and bottom Bollinger band in the last 24 hours. Trading volume has been low in the last 24 hours. The volume can be seen decreasing with an increase in price suggesting a bearish momentum soon. Today’s Trend analysis XRP is expected to continue to oscillate inside the triangle until it exits on either side. The likely scenario is that the price will exit below the triangle and continue its bearish momentum. There is a chance that the price exits above the triangle and starts moving in a consolidated manner with a slight indication of bullish momentum. Price volatility was extremely low at approximately 1.3%, with the day's range between $0.589 — $0.617. Price at the time of publishing: $0.606 XRP’s market cap: $28.49 Billion However, the Indicator summary is giving a 'STRONG SELL' signal on XRPUSD. Out of 11 Oscillator indicators, 3 are giving a SELL signal, 8 are neutral and 0 are giving a BUY signal. Out of 15 Moving average indicators, 13 are giving SELL signal, 1 is giving neutral and 1 is giving a BUY signal. Trading volume has been low in the last 24 hours. The volume can be seen decreasing with an increase in price suggesting a bearish momentum soon. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BITSTAMP:XRPUSDShort
by Mudrex
9
Bitcoin's woes not yet over|Markets just confirmed the panicIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: We witnessed a hugely choppy session prevailing across the crypto markets. BTC has so far managed to hold the $31,000 level. However, it is pretty evident that the markets are gripped by extreme fear. The volumes have tremendously shot up that confirm that the panic selling is underway. In our previous analysis on BTCUSD, we had presented a 4hour timeframe analysis on BTCUSD. Bitcoin price followed the analysis to the exact point shown in the analysis. Market in the last 24hrs BTC tanked heavily over the past 24 hours. The fall was even harder across the Altcoins. Today’s Trend analysis Traded volumes increased over the 50-period Moving Average. We firmly believe that price action is the best form of analysis. We are witnessing lower highs and lower lows which affirm that the momentum in BTC is still pretty bearish. Price volatility remained high at approximately 6.61%, with the day's range between $31,121.57 — $33,179.00. Price at the time of publishing: $31,269.18 BTC's market cap: $586.24 Billion Out of 11 Oscillator indicators, 9 are neutral, 1 is bearish and 1 is bullish . Out of 15 Moving average indicators, 1 is 'NEUTRAL', 14 are bearish and none are bullish. Indicator summary is giving a ‘Strong sell' signal' on BTCUSD. Volumes have increased in the past 24 hours. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Keep supporting:) -Mudrex
BITSTAMP:BTCUSDShort
by Mudrex
14
MATICUSD(4Hr): MATIC sees a new low after 2 monthsMarket in the last 24hrs MATICUSD saw a continuous downward trend with prices moving from middle to bottom Bollinger band. Trading volume has been high in the last 24 hours. We can see the volume increasing with a decrease in price suggesting the setting of the bearish trend. Today’s Trend analysis MATICUSD is expected to continue the current bearish trend for the next 24 hours. We can expect to see some consolidation once the price accepts the bottom Bollinger band as a support line. Price volatility was high at approximately 9.01%, with the day's range between $0.858 — $0.959. Price at the time of publishing: $0.862 MATIC’s market cap: $5.49 Billion However, the Indicator summary is giving a 'SELL' signal on MATICUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal. Trading volume has been low in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
COINBASE:MATICUSDShort
by Mudrex
11
BTC bounces off trendline support|Bulls manage to keep it afloatIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: The past 24 hours have been nothing of a roller coaster ride for BTC. It dropped more than 4% earlier in the day and then rebounded off the local support at the trendline. BTC looks poised to reclaim the $33k mark shortly. In our previous analysis on BTCUSD, we had done a multi timeframe analysis on BTCUSD. A multi timeframe approach helps one take a better call at analysing the true market sentiment. Market in the last 24hrs BTC tanked heavily earlier in the ay. The fall was arrested after it rebounded off the trendline. This trendline has acted as a strong support for the past 2 weeks with BTC rebounding multiple times at this trendline support. Today’s Trend analysis Traded volumes have gone higher and the price has rallied after the rebound. It shows that a lot of people rushed in to buy the dip. This momentum will likely keep BTC in the hunt for the $33k mark in the next 24 hours. Price volatility remained moderate at approximately 3.89%, with the day's range between $31589.35 — $32801.00. Price at the time of publishing: $32469.18 BTC's market cap: $609.24 Billion Out of 11 Oscillator indicators, 8 are neutral, 1 is bearish and 2 are bullish . Out of 15 Moving average indicators, 1 is 'NEUTRAL', 13 are bearish and 1 is bullish . Indicator summary is giving a ‘Sell' signal' on BTCUSD . Volumes have increased in the past 24 hours. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Keep supporting:) -Mudrex
BITSTAMP:BTCUSD
by Mudrex
7
DOGEUSD(4Hr) : DOGE doesn't know where to goMarket in the last 24hrs DOGEUSD saw a consolidated momentum with price accepting the middle Bollinger band as a resistance line. Trading volume has been low in the last 24 hours. Today’s Trend analysis Price is expected to continue its consolidated momentum and oscillate between the middle and bottom Bollinger band. We can expect this to continue till either the price rejects the bottom Bollinger band as a support line or the middle Bollinger as a resistance line. Price volatility was moderate at approximately 3.5%, with the day's range between $0.189 — $0.205. Price at the time of publishing: $0.19 DOGE’s market cap: $24.83 Billion However, the Indicator summary is giving a 'STRONG SELL' signal on DOGEUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal. Trading volume has been low in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BITTREX:DOGEUSD
by Mudrex
5
XRP(4Hr) : XRP moving with low volatilityMarket in the last 24hrs XRPUSD saw some consolidation as the price accepted the bottom Bollinger band as a support line and can be seen moving towards the middle Bollinger band. Trading volume has been moderate in the last 24 hours. Today’s Trend analysis As the price reaches the middle Bollinger band, if it accepts the middle Bollinger band as a support line then we can expect the price to see some consolidation with a slight indication of bearish momentum else it will continue to move in an upward direction. Price volatility was extremely low at approximately 0.2%, with the day's range between $0.587— $0.628. Price at the time of publishing: $0.623 XRP’s market cap: $28.76 Billion However, the Indicator summary is giving a 'SELL' signal on XRPUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 8 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 11 are giving SELL signal, 1 is giving neutral and 3 are giving a BUY signal. Trading volume has been moderate in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BITSTAMP:XRPUSD
by Mudrex
2
Short term trend for ETH| Potential to rise 7% from current pp If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: ETH has faced resistance around $2163 multiple times. As and when price rose above this level, it has acted as a strong support as well. It is a sturdy level which is currently acting as a resistance. Similarly, the strong support is at $1864, from where the price rebounded lately. Market in the last 24hrs ETH had a roller coaster ride, after dropping almost 6% and then taking support and shooting back up over the $2000 level. Traded volumes have remained moderate. Today’s Trend analysis ETH has been in this narrowing channel pattern for some time. $2100 is within striking distance for ETH. A quick 7% gain from the current price point is achievable. MACD line has given an upward crossover with the signal line. It is a bullish signal. Although the MACD is a lag indicator, combining the MACD with the price action gives an affirmation that the price could move towards the $2100 mark shortly. Price volatility remained extremely high at approximately 8.6%, with the day's range between $1865.01 — $2020.06. Price at the time of publishing: $2007.07 ETH's market cap: $234.34 Billion Out of 11 Oscillator indicators, 9 are neutral, 1 is bearish and 1 is bullish . Out of 15 Moving average indicators, 1 is 'NEUTRAL', 11 are bearish and 3 are bullish. Indicator summary is giving a 'SELL' signal on ETHUSD. Volumes have gone up in the past 24 hours. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 24 hour candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Keep supporting:) -Mudrex
BITSTAMP:ETHUSDLong
by Mudrex
5
ADAUSD(4Hr): Cardano to see some bullish momentumMarket in the last 24hrs ADAUSD saw downward movement and can be seen constantly rejecting the bottom Bollinger band as a support line. Trading volume has been high in the last 24 hours. Today’s Trend analysis The latest price movement suggests that ADAUSD has accepted the bottom Bollinger band as a support line, so we can expect the price to see bullish momentum till it reaches the middle Bollinger band. If the price accepts the middle band as a support line then we can expect to see some consolidation else the on rejection we can expect the price to reach the upper Bollinger band Price volatility was moderate at approximately 3.47%, with the day's range between $1.2 — $1.32. Price at the time of publishing: $1.25 ADA’s market cap: $40.08 Billion However, the Indicator summary is giving a 'SELL' signal on DOGEUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are giving a BUY signal. Out of 15 Moving average indicators, 13 are giving SELL signal, 1 is giving neutral and 1 is giving a BUY signal. Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:ADAUSDLong
by Mudrex
7
DOGEUSD(4Hr) : DOGE rejecting a strong support lineMarket in the last 24hrs DOGEUSD saw a major downtrend in the last 24 hours as it kept rejecting the bottom Bollinger band as a support line. Trading volume has been very high in the last 24 hours. Today’s Trend analysis Price is expected to continue the current bearish movement until it accepts the bottom Bollinger band as a support line then we can expect the price to see some consolidation with a slight bullish indication. Price volatility was moderate at approximately 3.27%, with the day's range between $0.199 — $0.212. Price at the time of publishing: $0.2 DOGE’s market cap: $26.1 Billion However, the Indicator summary is giving a 'STRONG SELL' signal on DOGEUSD. Out of 11 Oscillator indicators, 2 are giving a SELL signal, 9 are neutral and 0 are giving a BUY signal. Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal. Trading volume has been high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:DOGEUSDShort
by Mudrex
2
XRP(4Hr) : XRP setting a sideways momentumMarket in the last 24hrs As the difference between the upper and lower Bollinger band was very low due to this the price consolidated movement as it constantly moved between the 2 bands in the last 24 hours. Trading volume has been very high in the last 24 hours. Today’s Trend analysis As the price just touched the lower Bollinger band we can expect the price to see some upward momentum till it reaches the upper Bollinger band in the next 24 hours. After that, we can expect to see some consolidation if the price accepts the upper band as a support line. Price volatility was low at approximately 0.7%, with the day's range between $0.616— $0.640. Price at the time of publishing: $0.624 XRP’s market cap: $28.84 Billion However, the Indicator summary is giving a 'SELL' signal on XRPUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 are giving a BUY signal. Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal. Trading volume has been very high in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BINANCE:XRPUSD
by Mudrex
3
Types of market days every trader should know aboutIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Technical analysis is largely impacted by some very important factors. One of those very important factors is the type of the market day. Analysing the type of the market day correctly can give a potential edge to any trader who is actively trading in either stocks, indexes, cryptocurrencies, forex, derivatives etc. Today, we will be discussing ‘6 different types of days’ we might witness across the market. Please note that these 6 days are significantly different from each other. These patterns are not sacrosanct, meaning they should only be used as a guiding factor and not the exact determiner for any particular trade. Types of market days: Trend day Double distribution trend day Typical day Expanded typical day Trading range day Sideways day ✔ Trend Day The ‘Trend day’ is usually an aggressive trading day with either a clear bullish or bearish momentum. On a bullish Trend day, the opening candle is usually the day’s low, and the market then gradually moves higher throughout the day. On a bearish trend day, the opening candle usually marks the day’s high and the market gradually declines throughout the day. The Trend day is usually preceded by a quiet day with range bound movements. If spotted correctly, gives the potential of a huge profit. Such trending days occur rarely, and might happen only a handful of times in a month. ✔ Double distribution trend day The ‘Double distribution trend day’ is a bit complex and a very reliable method for placing aggressive trades. That is why institutions and professional traders use this strategy to the fullest. It is usually characterized by the indecisive nature at the beginning of the session. On such a day, the market initially follows a tight range bound path. It is also known as an initial balance. The initial balance high, or IBH, and the initial balance low, or the IBL, form the reference points. The Double Distribution trend day begins on a calm note. Gradually the price breaks free of this range and trends towards a new value propelled by buyers or sellers. After the momentum has calmed down, the market forms another range-bound movement. This is where the term ‘Double Distribution trend day’ comes from, as the bulk of trading activity happens at either extremes. A narrow initial balance is easily broken whereas a wide initial balance is harder to break. ✔ Typical Day It is characterized by a sharp rally or decline early during the trading session. It could be as a result of any impactful macro-economic news. The market participants then push the price back in the opposite direction by taking counter positions. A wide range created within a very short span of time earlier during the trading session essentially causes the market to trade within this range later on. ✔ Expanded Typical Day It is similar to that of the previously discussed ‘Typical Day’. However, the initial price movement is not as volatile and therefore, the initial balance is not as wide as a ‘Typical Day’. This leaves the opportunity for the market participants to break this narrow range. Once this range is broken either by the influx of selling or buying pressure, the market then makes a strong move towards that particular direction. In this case, the initial balance is wider than a Double Distribution Trend Day but less wide than the ‘Typical Day.’ ✔ Trading Range Day Buyers and sellers are actively pushing the prices back and forth. Responsive buyers and sellers will attempt to enter at the extremes, pushing the prices back to the original point. This type of day gives amazing trading opportunities to both parties. ✔ Sideways Day On a ‘Sideways day’ price does not move much on either side. It is a sort of indecisive day for both parties as they refrain from placing aggressive directional trades. This sort of a trading day is usually loved by option sellers who bag profits from the time decay as a result of the non-directional muted movement. Although the Trading Range Day and the Sideways might seem similar, they are significantly different from each other. The presence of buyers and sellers are pretty high on a ‘Trading Range day’ whereas the same does not happen for a ‘Sideways Day.’ "Secrets of a Pivot Boss" by Franklin O. Ochoa is a great book that delves in depth into various aspects of Technical analysis. ---------------------------------------------------------------------------------------- Keep supporting:) -Mudrex
Editors' picks
BITSTAMP:BTCUSDEducation
by Mudrex
37
DOGEUSD(4Hr) : DOGE is fallingMarket in the last 24hrs DOGEUSD saw consolidated movement with a slight indication of bearish momentum in the last 24 hours. Trading volume has been very low in the last 24 hours. Today’s Trend analysis Price has reached the lower Bollinger band which usually acts as a strong support line. The likely situation is that it accepts the bottom band as a support line and we might see some consolidation with bullish indication. Price volatility was high at approximately 4.51%, with the day's range between $0.21 — $0.219. Price at the time of publishing: $0.207 DOGE’s market cap: $27.07 Billion However, the Indicator summary is giving a 'SELL' signal on DOGEUSD. Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal. Out of 15 Moving average indicators, 11 are giving SELL signal, 1 is giving neutral and 3 are giving a BUY signal. Trading volume has been low in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
BITTREX:DOGEUSDShort
by Mudrex
4
ETH waiting for the spark to take off..scenario reverse of BTCIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: ETH has been trying to break away from the consolidation lately. However, that hasn't happened yet. If we compare the technical indicators, it has been a very different story compared to BTC. Ether is bullish on the longer timeframe, whereas BTC is still bearish. Dollar cost averaging or DCA might be a very prudent approach in ETH. Market in the last 24hrs ETH is in a range-bound consolidation. Traded volumes have remained low. Today’s Trend analysis We expect the short trend to continue in the consolidation range. The worst case scenario for the near term is $1730. There is a strong support zone from $1730-$1950. Price volatility remained moderate at approximately 3.6%, with the day's range between $2092.90 — $2168.82 Price at the time of publishing: $2098.07 ETH's market cap: $240.34 Billion Out of 11 Oscillator indicators, 9 are neutral, 1 is bearish and 1 is bullish. Out of 15 Moving average indicators, 1 is 'NEUTRAL', 10 are bearish and 4 are bullish . Indicator summary is giving a 'SELL' signal on ETHUSD . Volumes have remained low in the past 24 hours. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 24 hour candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Keep supporting:) -Mudrex
BITSTAMP:ETHUSDLong
by Mudrex
13
Higher timeframe- still bearish|smaller tf: higher lowsIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: BTCUSD is under consolidation on the daily timeframe. The momentum oscillators s=indicate a bearish momentum. However, if we take a look at the lower timeframe, such as 1-hour, we can see that the price is forming higher lows. In our previous analysis on BTCUSD , we had done a multi timeframe analysis on BTCUSD. Such a multi timeframe approach helps one take a better call at analysing the true market sentiment. Market in the last 24hrs The weekend was a pretty calm one for most of the major cryptos. Traded volumes were less. BTC managed to hold the crucial support level at $34,000. Today’s Trend analysis We are shortly going to see BTC breakout of the triangle pattern on the 1-day timeframe.The overall momentum suggests that price will break down the trend line upon exiting the pattern. Price volatility remained low at approximately 2.89%, with the day's range between $33700. 00 — $34677.49. Price at the time of publishing: $33768.78 BTC's market cap: $633.24 Billion Out of 11 Oscillator indicators, 9 are neutral, 1 is bearish and 1 is bullish . Out of 15 Moving average indicators, 14 are 'NEUTRAL', 1 is bearish and none are bullish . Indicator summary is giving a ‘Sell' signal on BTCUSD . Volumes have remained low in the past 24 hours. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Keep supporting:) -Mudrex
BITSTAMP:BTCUSDShort
by Mudrex
14
XRPUSD to see downmove after getting resistance from midline(1D)Market in last 1 week XRPUSD saw a sideways movement and got support from lower band Price volatility was very high. The market moved ~15.65%, between $0.266 and $0.230 Today’s Trend analysis XRPUSD expected to see an uptrend and decline after getting resistance from midline, as the price has been trading between midline and lower band, with support from lower band Price at the time of publishing: $0.2455 XRP’s market cap: $11.01 Billion Oscillator indicators are mostly neutral. RSI at 42 in the neutral region. Moving average indicators are mostly neutral. Ichimoku Cloud is neutral and Hull MA indicates buying opportunities Volume indicators observed a decrease with high values for red candles, with traded volume between 113.9M and 39.7M with a decrease in 20-candle moving average Price expected to see an uptrend and decline after getting resistance from midline, as the price has been trading between midline and lower band, with support from lower band. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, histogram size decreasing in the negative direction suggesting a bearish bias. RSI at 42, below the midline in the neutral region. CCI at -73, in the neutral region with an upmove from oversold region. Another interesting point to notice here is that the volume observed a decrease with high values for red candles indicating a shift from sellers to buyers with Bollinger band expansion. ---------------------------------------------------------------------------------------- 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
COINBASE:XRPUSDShort
by Mudrex
6