BTCUSD to consolidate(4Hr)! | Price trading inside the bands

2020년 8월 25일

Market in last 24hrs

-BTCUSD saw a downtrend after the price got rejected from the upper Bollinger band
-Price volatility was low. The market moved ~2.6%, between 11.82k and 11.51k

Today’s Trend analysis

-BTCUSD expected to see a downtrend and get support from lower band to see uptrend further
-Price at time of publishing: $11,595
-BTC’s market cap: $214 Billion
-Oscillator indicators are mostly neutral. RSI at 41
-Moving average indicators are indicating a downtrend. Ichimoku Cloud is neutral
-Volume indicators observed were relatively low and decreased in the recent candles

Price expected to see a downtrend and get support from the lower band to see uptrend further as the price is trading between the bands. Most of the Oscillator indicators are neutral. MACD crossed below the signal line, with histogram changing direction from positive to negative. RSI at 41, below the midline still in the neutral region. CCI at -81, in the neutral region with a down move. Another interesting point to notice here is that the volume in the recent candles was relatively low and saw a decrease.
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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 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 .

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- Mudrex