BTCUSD - Hold your horses. Consolidation today.

2020年6月17日

Market in last 24hrs
- As predicted in the previous analysis, BTCUSD price consolidated
- Price volatility was low. Market moved ~1.5%, between 9.41k and 9.54k

Today’s Trend analysis
- Sideways today
- Price at time of publishing: $9,490
- BTC’s market cap: $176 Billion
- ‘Oscillator‘ indicators are neutral. RSI at 51
- ‘Moving average‘ indicators are mixed. Ichimoku Cloud is neutral

Price expected to trend sideways today. Most of the Oscillator indicators are neutral. MACD line and histogram are now in positive zone and MACD line is trending up. RSI is trending almost flat, moving slightly above its midpoint 50. CCI, the more reactive oscillator, is trending slightly downwards, below 100. Another interesting point to notice is that volume is now flat. All factors indicating that both bulls and bears are struggling. Overall, price is expected to move sideways today.

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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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- Mudrex