BTCUSD to see an uptrend(4Hr)! | Upper band resistance with LH
Market in last 24hrs
Today’s Trend analysis
Price expected to see a downtrend as the price got rejected from upper band with lower highs and Bollinger band squeeze taking place. Most of the Oscillator indicators are neutral. MACD line crossed below the signal line, with the histogram in the negative region suggesting bearish bias. RSI at 57, above the midline in the neutral region with pullback from overbought. CCI at around 22, in the neutral region with a down move. Another interesting point to notice here is that the volume observed an increase as the price increased and decreased as the price started to decrease indicating a shift from buyers to sellers.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter a 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 increase until getting a rejection from the upper band
- Price volatility was high. The market moved ~2.94%, between 11.09k and 10.78k
Today’s Trend analysis
- BTCUSD expected to see a downtrend as the price got rejected from upper band with lower highs and Bollinger band squeeze taking place
- Price at time of publishing: $10,832
- BTC’s market cap: $200 Billion
- Oscillator indicators are mostly neutral. RSI at 57
- Moving average indicators are mostly neutral. Ichimoku Cloud is neutral
- Volume indicators observed an increase as the price increased and decreased as the price started to decrease
Price expected to see a downtrend as the price got rejected from upper band with lower highs and Bollinger band squeeze taking place. Most of the Oscillator indicators are neutral. MACD line crossed below the signal line, with the histogram in the negative region suggesting bearish bias. RSI at 57, above the midline in the neutral region with pullback from overbought. CCI at around 22, in the neutral region with a down move. Another interesting point to notice here is that the volume observed an increase as the price increased and decreased as the price started to decrease indicating a shift from buyers to sellers.
----------------------------------------------------------------------------------------
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter a 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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