BTCUSD expected to continue uptrend! Bollinger Band squeezes
Market in last 24hrs
-BTCUSD moved sideways as Bollinger Band squeezes
-Price volatility was high. Market moved ~4.67%, between 11.35k and 10.84k
Today’s Trend analysis
-BTCUSD expected to see a continued uptrend
-Price at time of publishing: $11,179
-BTC’s market cap: $205 Billion
-Oscillator indicators are mostly neutral. RSI at 64
-Moving average indicators are biased towards uptrend. Ichimoku Cloud is neutral
-Volume indicators are indicating a low volatility ahead as volume decreases.
Price expected to see a continued uptrend as higher lows have been observed. Most of the Oscillator indicators are neutral. MACD histogram is negative, size decreasing in the negative region. RSI at 64, trending downwards, still above midline indicating bullish signal. CCI is around 89, and still in neutral region increasing from last few candles. Another interesting point to notice here is that the Bollinger Band has squeezed indicating low volatility as volume is still below 20-candle moving average.
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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 moved sideways as Bollinger Band squeezes
-Price volatility was high. Market moved ~4.67%, between 11.35k and 10.84k
Today’s Trend analysis
-BTCUSD expected to see a continued uptrend
-Price at time of publishing: $11,179
-BTC’s market cap: $205 Billion
-Oscillator indicators are mostly neutral. RSI at 64
-Moving average indicators are biased towards uptrend. Ichimoku Cloud is neutral
-Volume indicators are indicating a low volatility ahead as volume decreases.
Price expected to see a continued uptrend as higher lows have been observed. Most of the Oscillator indicators are neutral. MACD histogram is negative, size decreasing in the negative region. RSI at 64, trending downwards, still above midline indicating bullish signal. CCI is around 89, and still in neutral region increasing from last few candles. Another interesting point to notice here is that the Bollinger Band has squeezed indicating low volatility as volume is still below 20-candle moving average.
----------------------------------------------------------------------------------------
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
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