- As predicted in the previous analysis, BTCUSD market consolidated. Market moved ~3%, between 8.7k and 9.0k - Price at time of publishing: $8,830 - BTC’s market cap: $166 Billion
Today’s Trend analysis Price expected to be move up today. Most of the Oscillator indicators are neutral. MACD histogram is now in positive zone. RSI and CCI are weakly trending up, currently at 40 and -70 and CCI has cross up -100, indicating that bears are loosing strength and trend reversal is around the corner. To add to this, price has bounce up from lower Bollinger Band. Price movement is expected to be choppy today before it starts moving up. - Weak uptrend today - ‘Oscillator‘ indicators are mostly neutral. RSI at 40 - ‘Moving average‘ indicators are indicating a downtrend. 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.
I think there is a high probability of getting profit from this price movement. If market manipulators do not come up with some bad news for the development of a downtrend.
@SpartaBTC, as predicted, we saw a uptrend in last 24 hours, specially in the last 4hr candle. One interesting thing to notice is that price is now touching upper Bollinger Band.