I thought that BTC market is de coupling with the traditional markets? so how come you said that it is following stock market again? I'm confused.
I'll be on the safe side though, I'm not buying until a see some signals that it is dumping. But so far the market is moving on a sideways, although we go down and the big support @7k has been broken down, it doesn't mean the the bears have the upper hand, not yet, the way I see it.
Topic: Mudrex Bitcoin Price Analysis - page 2. (Read 610 times)
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.
This is #48 of BTCUSD daily technical analysis , provided by Mudrex.
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Market Summary
- BTC price saw a sudden pull-back. Price now is again under $7,000 – the major physiological resistance level
- Price at time of publishing: $6,850
- BTC’s market cap: $124 Billion
Trend analysis
Yesterday, the downtrend was expected, but the sudden fall below 7,000 mark seems unreasonable. Price should try and move closer to $7,000 today.
Another interesting point to notice is that the US stock markets ( S&P500 , etc) are up-trending since a last few days. Investor sentiment in traditional market seems to be improving and we have seen BTC following these markets.
- Sideways today
- Most ‘Oscillator‘ indicators are neutral, with a slight bias towards sell side. CCI is signaling a buying opportunity
- ‘Moving averages‘ indicating sell opportunity, which are biased by the recent uptrend
Visit our blog for detailed analysis and indicator list & values.
If you find the analysis useful, please like & subscribe and share our ideas & charts with the community!
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
About Mudrex:
Mudrex.com is the best platform to build NO-code Cryptocurrency auto-trading bots.
Individuals can invest in bundle of verified bots created by professional traders.
Join now & get $25 as sign-up bonus. Hurry! Limited period offer. https://mudrex.com/signup?referral_code=MUDR3436
Join our 1k+ member strong Discord community: https://discord.gg/DV3PKsu
Twitter page: https://twitter.com/officialmudrex
This is #48 of BTCUSD daily technical analysis , provided by Mudrex.
----------------------------------------------------------------------------------------
Market Summary
- BTC price saw a sudden pull-back. Price now is again under $7,000 – the major physiological resistance level
- Price at time of publishing: $6,850
- BTC’s market cap: $124 Billion
Trend analysis
Yesterday, the downtrend was expected, but the sudden fall below 7,000 mark seems unreasonable. Price should try and move closer to $7,000 today.
Another interesting point to notice is that the US stock markets ( S&P500 , etc) are up-trending since a last few days. Investor sentiment in traditional market seems to be improving and we have seen BTC following these markets.
- Sideways today
- Most ‘Oscillator‘ indicators are neutral, with a slight bias towards sell side. CCI is signaling a buying opportunity
- ‘Moving averages‘ indicating sell opportunity, which are biased by the recent uptrend
Visit our blog for detailed analysis and indicator list & values.
If you find the analysis useful, please like & subscribe and share our ideas & charts with the community!
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
About Mudrex:
Mudrex.com is the best platform to build NO-code Cryptocurrency auto-trading bots.
Individuals can invest in bundle of verified bots created by professional traders.
Join now & get $25 as sign-up bonus. Hurry! Limited period offer. https://mudrex.com/signup?referral_code=MUDR3436
Join our 1k+ member strong Discord community: https://discord.gg/DV3PKsu
Twitter page: https://twitter.com/officialmudrex
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.
This is #47 of BTCUSD daily technical analysis , provided by Mudrex.
----------------------------------------------------------------------------------------
Market Summary
- As predicted yesterday, we saw a trend reversal and strong uptrend was followed by a weak downtrend
- Price at time of publishing: $7,285
- BTC’s market cap: $133 Billion
Trend analysis
After the uptrend in past few days, yesterday’s weak downtrend should be followed by price consolidation as most oscillator indicators are neutral.
Another interesting point to notice is that the US stock markets ( S&P500 , etc) are up-trending today as well. Investor sentiment in traditional market seems to be improving and we have seen BTC following these markets.
- Sideways today
- Most ‘Oscillator‘ indicators are neutral. MACD is signaling a sell opportunity
- ‘Moving averages‘ indicating buy opportunity, which are biased by the recent uptrend
Visit our blog for detailed analysis and indicator list & values.
If you find the analysis useful, please like & subscribe and share our ideas & charts with the community!
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
About Mudrex:
Mudrex.com is the best platform to build NO-code Cryptocurrency auto-trading bots.
Individuals can invest in bundle of verified bots created by professional traders.
Join now & get $25 as sign-up bonus. Hurry! Limited period offer. https://mudrex.com/signup?referral_code=MUDR3436
Join our 1k+ member strong Discord community: https://discord.gg/DV3PKsu
Twitter page: https://twitter.com/officialmudrex
This is #47 of BTCUSD daily technical analysis , provided by Mudrex.
----------------------------------------------------------------------------------------
Market Summary
- As predicted yesterday, we saw a trend reversal and strong uptrend was followed by a weak downtrend
- Price at time of publishing: $7,285
- BTC’s market cap: $133 Billion
Trend analysis
After the uptrend in past few days, yesterday’s weak downtrend should be followed by price consolidation as most oscillator indicators are neutral.
Another interesting point to notice is that the US stock markets ( S&P500 , etc) are up-trending today as well. Investor sentiment in traditional market seems to be improving and we have seen BTC following these markets.
- Sideways today
- Most ‘Oscillator‘ indicators are neutral. MACD is signaling a sell opportunity
- ‘Moving averages‘ indicating buy opportunity, which are biased by the recent uptrend
Visit our blog for detailed analysis and indicator list & values.
If you find the analysis useful, please like & subscribe and share our ideas & charts with the community!
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
About Mudrex:
Mudrex.com is the best platform to build NO-code Cryptocurrency auto-trading bots.
Individuals can invest in bundle of verified bots created by professional traders.
Join now & get $25 as sign-up bonus. Hurry! Limited period offer. https://mudrex.com/signup?referral_code=MUDR3436
Join our 1k+ member strong Discord community: https://discord.gg/DV3PKsu
Twitter page: https://twitter.com/officialmudrex
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.
This is #46 of BTCUSD daily technical analysis , provided by Mudrex.
----------------------------------------------------------------------------------------
Market Summary
- BTC has been up-trending, now above the crucial $7,400 mark
- Price at time of publishing: $7,395
- BTC’s market cap: $135 Billion
Trend analysis
Even though BTC is up-trending, the uptrend is not supported by momentum and hence should be short-lived. Most oscillators are either neutral or indicating downtrend and hence the price should reverse its momentum and move down.
Another interesting point to notice is that the US stock markets ( S&P500 , etc) are up-trending today and investor sentiment in traditional market seems to be improving.
- Weak downtrend today
- ‘Oscillator‘ indicators are biased toward sell signal. RSI is in overbought zone
- ‘Moving averages‘ indicating buy, biased by the recent uptrend
Visit our blog for detailed analysis and indicator list and values.
https://blog.mudrex.com/mudrex-price-ana...
If you find the analysis useful, please like & subscribe and share our ideas & charts with the community!
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
About Mudrex:
Mudrex is the best platform to build NO-code Cryptocurrency auto-trading bots.
Individuals can invest in bundle of verified bots created by professional traders.
Join now & get $25 as sign-up bonus. Hurry! Limited period offer. https://mudrex.com/signup?referral_code=MUDR3436
Join our 1k+ member strong Discord community: https://discord.gg/DV3PKsu
Twitter page: https://twitter.com/officialmudrex
This is #46 of BTCUSD daily technical analysis , provided by Mudrex.
----------------------------------------------------------------------------------------
Market Summary
- BTC has been up-trending, now above the crucial $7,400 mark
- Price at time of publishing: $7,395
- BTC’s market cap: $135 Billion
Trend analysis
Even though BTC is up-trending, the uptrend is not supported by momentum and hence should be short-lived. Most oscillators are either neutral or indicating downtrend and hence the price should reverse its momentum and move down.
Another interesting point to notice is that the US stock markets ( S&P500 , etc) are up-trending today and investor sentiment in traditional market seems to be improving.
- Weak downtrend today
- ‘Oscillator‘ indicators are biased toward sell signal. RSI is in overbought zone
- ‘Moving averages‘ indicating buy, biased by the recent uptrend
Visit our blog for detailed analysis and indicator list and values.
https://blog.mudrex.com/mudrex-price-ana...
If you find the analysis useful, please like & subscribe and share our ideas & charts with the community!
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
About Mudrex:
Mudrex is the best platform to build NO-code Cryptocurrency auto-trading bots.
Individuals can invest in bundle of verified bots created by professional traders.
Join now & get $25 as sign-up bonus. Hurry! Limited period offer. https://mudrex.com/signup?referral_code=MUDR3436
Join our 1k+ member strong Discord community: https://discord.gg/DV3PKsu
Twitter page: https://twitter.com/officialmudrex
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.
This is #45 of BTCUSD daily technical analysis , provided by Mudrex.
----------------------------------------------------------------------------------------
Market Summary
- BTC has been up-trending, now above the crucial $7,000 mark
- Price at time of publishing: $7,150
- BTC’s market cap: $131 Billion
Trend analysis
Even though BTC is up-trending, the uptrend is not supported by momentum and hence should be short-lived. Most oscillators are either neutral or indicating downtrend and hence the price should reverse its momentum and move down. This is a possible bull-trap, similar to the ones we had observed on 2nd and 4th April.
- Downtrend today
- ‘Oscillator‘ indicators are biased toward sell signal. RSI is in overbought zone
- ‘Moving averages‘ indicating buy, biased by the recent uptrend
Visit our blog for detailed analysis and indicator list and values.
https://blog.mudrex.com/mudrex-price-ana...
If you find the analysis useful, please like & subscribe and share our ideas & charts with the community!
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
About Mudrex:
Mudrex is the best platform to build NO-code Cryptocurrency auto-trading bots.
Individuals can invest in bundle of verified bots created by professional traders.
Join now & get $25 as sign-up bonus. Hurry! Limited period offer. https://mudrex.com/signup?referral_code=MUDR3436
Join our 1k+ member strong Discord community: https://discord.gg/DV3PKsu
Twitter page: https://twitter.com/officialmudrex
This is #45 of BTCUSD daily technical analysis , provided by Mudrex.
----------------------------------------------------------------------------------------
Market Summary
- BTC has been up-trending, now above the crucial $7,000 mark
- Price at time of publishing: $7,150
- BTC’s market cap: $131 Billion
Trend analysis
Even though BTC is up-trending, the uptrend is not supported by momentum and hence should be short-lived. Most oscillators are either neutral or indicating downtrend and hence the price should reverse its momentum and move down. This is a possible bull-trap, similar to the ones we had observed on 2nd and 4th April.
- Downtrend today
- ‘Oscillator‘ indicators are biased toward sell signal. RSI is in overbought zone
- ‘Moving averages‘ indicating buy, biased by the recent uptrend
Visit our blog for detailed analysis and indicator list and values.
https://blog.mudrex.com/mudrex-price-ana...
If you find the analysis useful, please like & subscribe and share our ideas & charts with the community!
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
About Mudrex:
Mudrex is the best platform to build NO-code Cryptocurrency auto-trading bots.
Individuals can invest in bundle of verified bots created by professional traders.
Join now & get $25 as sign-up bonus. Hurry! Limited period offer. https://mudrex.com/signup?referral_code=MUDR3436
Join our 1k+ member strong Discord community: https://discord.gg/DV3PKsu
Twitter page: https://twitter.com/officialmudrex
The reasons why BTC pumped lately was for a few reasons,
First one was that we closed above ( or close to ) the monthly low of $6400 that happened a few months back, very bullish.
Second is that the 200 WMA seems to have held again at around $5700 or so.
Third is that last April we got a crazy pump and the April before that, hence many people are thinking that April is the new November and always a bullish month.
Fourth is that everyday we are getting tons and tons of tether USDT prints, and many are assuming its to buy crypto.
Fifth is that oil was pumping and many associated it with BTC and BTC also pumped, or it was just a coincidence.
First one was that we closed above ( or close to ) the monthly low of $6400 that happened a few months back, very bullish.
Second is that the 200 WMA seems to have held again at around $5700 or so.
Third is that last April we got a crazy pump and the April before that, hence many people are thinking that April is the new November and always a bullish month.
Fourth is that everyday we are getting tons and tons of tether USDT prints, and many are assuming its to buy crypto.
Fifth is that oil was pumping and many associated it with BTC and BTC also pumped, or it was just a coincidence.
BTCUSD - Sideways Momentum. Daily Price Technical Analysis by Mudrex
BTC at $6,700
Market Summary
- As predicted, BTC price saw a weak uptrend yesterday till 4PM UTC
- Later, we saw a sudden price and volume pump and BTC price went as high as ~$7,300. These sudden movements can’t be predicted
- Price at time of publishing: $6,700
- BTC’s market cap: $120 Billion
Trend analysis
Most oscillators are now neutral, indicating that the price should consolidate and we lack strong momentum in any direction. Volatility is high currently, hence the MAs have been flipping continuously.
$7,000 is the next strong psychological resistance level .
- Sideways today
- ‘Oscillator‘ indicators are mostly neutral with a bias toward buy signal
- ‘Moving averages‘ indicators are mixed
Visit our blog for detailed analysis and indicator list and values.
https://blog.mudrex.com/mudrex-price-ana...
If you find the analysis useful, please like & subscribe and share our ideas & charts with the community!
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume.
---------------------------------------------------------------------
About Mudrex.com
Mudrex platform helps traders build no-code algo trading bots using Technical analysis based indicators.
Mudrex Marketplace is collection of reviewed and verified funds created by professional traders on Mudrex. Traders create these funds using their trading bots. Individual investors can invest in them for a monthly fee and gain the benefits of passive investing!
Join now & get $25 as sign-up bonus. Hurry! Limited period offer. https://mudrex.com/signup?referral_code=MUDR3436
Twitter page: https://twitter.com/officialmudrex
Join our ever-growing discord community where our community traders and investors come
together to discuss ideas and strategies to increase their crypto portfolios : https://discordapp.com/invite/qdXmm4N
Support our ideas on Trading-view : Follow us https://www.tradingview.com/u/Mudrex/
BTC at $6,700
Market Summary
- As predicted, BTC price saw a weak uptrend yesterday till 4PM UTC
- Later, we saw a sudden price and volume pump and BTC price went as high as ~$7,300. These sudden movements can’t be predicted
- Price at time of publishing: $6,700
- BTC’s market cap: $120 Billion
Trend analysis
Most oscillators are now neutral, indicating that the price should consolidate and we lack strong momentum in any direction. Volatility is high currently, hence the MAs have been flipping continuously.
$7,000 is the next strong psychological resistance level .
- Sideways today
- ‘Oscillator‘ indicators are mostly neutral with a bias toward buy signal
- ‘Moving averages‘ indicators are mixed
Visit our blog for detailed analysis and indicator list and values.
https://blog.mudrex.com/mudrex-price-ana...
If you find the analysis useful, please like & subscribe and share our ideas & charts with the community!
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume.
---------------------------------------------------------------------
About Mudrex.com
Mudrex platform helps traders build no-code algo trading bots using Technical analysis based indicators.
Mudrex Marketplace is collection of reviewed and verified funds created by professional traders on Mudrex. Traders create these funds using their trading bots. Individual investors can invest in them for a monthly fee and gain the benefits of passive investing!
Join now & get $25 as sign-up bonus. Hurry! Limited period offer. https://mudrex.com/signup?referral_code=MUDR3436
Twitter page: https://twitter.com/officialmudrex
Join our ever-growing discord community where our community traders and investors come
together to discuss ideas and strategies to increase their crypto portfolios : https://discordapp.com/invite/qdXmm4N
Support our ideas on Trading-view : Follow us https://www.tradingview.com/u/Mudrex/
Actually q analysis right here, thanks
The good thing is that the market correctly quickly and was back under $7k.
This I want to believe is because panic level is being reduced as the covid-19 pandemic is getting to it pick across the globe. And we can see some skeletal activities trying to start again. Maybe we are soon going to a major jump soon.
We saw a large volume pump yesterday, which was followed by price pump.
These pumps (or dumps) are unpredictable.
The good thing is that the market correctly quickly and was back under $7k.
These pumps (or dumps) are unpredictable.
The good thing is that the market correctly quickly and was back under $7k.
BTC Daily BTC price analysis BTC
BTC at $6,715
- Weak uptrend today
- MACD and MA's supporting the uptrend
Read our blog : https://blog.mudrex.com/mudrex-price-analysis-43-bitcoin-btc-usd-2nd-april-2020/
About Mudrex :
Mudrex platform helps traders build no-code algo trading bots using Technical analysis based indicators. Mudrex Marketplace is collection of reviewed and verified funds created by professional traders on Mudrex. Traders create these funds using their trading bots. Individual investors can invest in them for a monthly fee and gain the benefits of passive investing!
Signup today: https://mudrex.com/
For more price analysis, follow https://twitter.com/officialmudrex on Twitter
Join our ever-growing discord community where our community traders and investors come
together to discuss ideas and strategies to increase their crypto portfolios : https://discordapp.com/invite/qdXmm4N
Support our ideas on Trading-view : Follow us https://www.tradingview.com/u/Mudrex/
BTC at $6,715
- Weak uptrend today
- MACD and MA's supporting the uptrend
Read our blog : https://blog.mudrex.com/mudrex-price-analysis-43-bitcoin-btc-usd-2nd-april-2020/
About Mudrex :
Mudrex platform helps traders build no-code algo trading bots using Technical analysis based indicators. Mudrex Marketplace is collection of reviewed and verified funds created by professional traders on Mudrex. Traders create these funds using their trading bots. Individual investors can invest in them for a monthly fee and gain the benefits of passive investing!
Signup today: https://mudrex.com/
For more price analysis, follow https://twitter.com/officialmudrex on Twitter
Join our ever-growing discord community where our community traders and investors come
together to discuss ideas and strategies to increase their crypto portfolios : https://discordapp.com/invite/qdXmm4N
Support our ideas on Trading-view : Follow us https://www.tradingview.com/u/Mudrex/
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