Mudrex

BTC - Bears Are Gaining Strength. Downtrend Today!

Short
Mudrex Mis à jour   
COINBASE:BTCUSD   Bitcoin
Market in last 24hrs
- BTCUSD saw choppy price action
- Market moved ~3%, between $9.3k and $9.75k

Today’s Trend analysis
- Weak downtrend today
- Price at time of publishing: $9,500
- BTC’s market cap: $176 Billion
- ‘Oscillator‘ indicators are mostly neutral. RSI at 55
- ‘Moving average‘ indicators are mixed. Ichimoku Cloud is neutral

Price expected to move down today. Most of the Oscillator indicators are neutral. MACD histogram is in negative zone and is trending down. RSI and CCI too are trending down, currently at 55 and -12. All factors indicating that bulls are loosing strength and bears are now in control. Bollinger Band are squeezing, we can expect higher volatility soon. Overall, price is now expected to move down.

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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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Trade fermée: cible de profit atteinte:
As predicted, price moved in region defined in above analysis.

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