BTCUSD to see an uptrend(4Hr)! | BB expansion with Higher Lows
Market in last 24hrs
Today’s Trend analysis
Price expected to see an uptrend as the price is riding the upper band with lower highs observed and Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram in the positive direction suggesting bullish bias. RSI at 69, above the midline close to the overbought region. CCI at around 151, in the overbought region with an up move. Another interesting point to notice here is that the volume observed a decrease as the price increased with a low value for a red candle indicating a tweaking selling pressure.
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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 4Hr 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 saw an uptrend with BB expansion and price riding the upper band
- Price volatility was high. The market moved ~5.31%, between 10.87k and 10.32k
Today’s Trend analysis
- BTCUSD expected to see an uptrend as the price is riding the upper band with lower highs observed and Bollinger band expansion
- Price at time of publishing: $10,832
- BTC’s market cap: $200 Billion
- Oscillator indicators are mostly neutral. RSI at 69
- Moving average indicators are indicating an uptrend. Ichimoku Cloud is neutral
- Volume indicators observed a decrease as the price increased with a low value for a red candle
Price expected to see an uptrend as the price is riding the upper band with lower highs observed and Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram in the positive direction suggesting bullish bias. RSI at 69, above the midline close to the overbought region. CCI at around 151, in the overbought region with an up move. Another interesting point to notice here is that the volume observed a decrease as the price increased with a low value for a red candle indicating a tweaking selling pressure.
----------------------------------------------------------------------------------------
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 4Hr 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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