BTCUSD to see sideways movement (4Hr) | Bollinger Band Expansion
Market in last 24hrs
-BTCUSD saw an uptrend with rejection at 11.8k
-Price volatility was high. The market moved ~4.76%, between 11.8k and 11.28k
Today’s Trend analysis
-BTCUSD expected to move sideways as Bollinger Band saw an expansion and upper band acted as resistance
-Price at time of publishing: $11,733
-BTC’s market cap: $216 Billion
-Oscillator indicators are mostly neutral. RSI at 63
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators observed a decrease in the volume in the recent candles.
Price expected to move sideways as Bollinger Band expands and Upper band acting as resistance. Most of the Oscillator indicators are neutral. MACD histogram is positive, size increasing in the positive region crossed up the signal line. RSI at 63, above the midline with an upmove in the neutral region. CCI at 116, in the overbought region decreasing from the last few candles. Another interesting point to notice here is that from last few candles Bollinger Band has started to expand and also upper line to act as resistance.
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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 rejection at 11.8k
-Price volatility was high. The market moved ~4.76%, between 11.8k and 11.28k
Today’s Trend analysis
-BTCUSD expected to move sideways as Bollinger Band saw an expansion and upper band acted as resistance
-Price at time of publishing: $11,733
-BTC’s market cap: $216 Billion
-Oscillator indicators are mostly neutral. RSI at 63
-Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral
-Volume indicators observed a decrease in the volume in the recent candles.
Price expected to move sideways as Bollinger Band expands and Upper band acting as resistance. Most of the Oscillator indicators are neutral. MACD histogram is positive, size increasing in the positive region crossed up the signal line. RSI at 63, above the midline with an upmove in the neutral region. CCI at 116, in the overbought region decreasing from the last few candles. Another interesting point to notice here is that from last few candles Bollinger Band has started to expand and also upper line to act as resistance.
----------------------------------------------------------------------------------------
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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