Trading Cryptocurrencies with the help of Technical Analysis can be very powerful and rewarding. History shows that if you cut your losses short and let your winners run, you'll make fortune from trading, and Technical Analysis helps you do just that. It allow you to Identify market direction, Trend and Stop Loss.
Bitcoin (BTC) Price Predictions / Bitcoin (BTC) Forecast
| After | Price | Change |
|---|---|---|
| 1 day | $6,537.9459 | 0.72% |
| 1 week | $6,558.9130 | 1.04% |
| 1 month | $6,516.4506 | 0.39% |
| 6 months | $7,075.5419 | 9.00% |
| 1 year | $9,430.6345 | 45.28% |
| 5 years | $23,955.5637 | 269.04% |
We've applied Technical Analysis to the price of Bitcoin (BTC/USD) for today and predict where price is headed.
The Commodity Channel Index (CCI) is a momentum oscillator used in technical analysis to measure an instrument's deviation from its statistical average. Commodity Channel Index is at 24, indicating Neutral action.
The Stochastic Oscillator is a range bound momentum oscillator. Stochastic oscillator is showing Neutral signal, with value at 49.5.
The Relative Strength Index (RSI) is an important indicator for measuring the speed and variation of price movements. Its value ranges from zero and 100. The value around 30 and below is considered an oversold region and over 70 as oversold regions. Relative Strength Index is indicating Neutral action, with value at 47.3.
Moving Average (MA) in simple term is just average of any subset of numbers. For example, 50 Days simple moving average is calculated at any point in chart by summing past 50 days of price and then dividing it by 50.
100 days Exponential Moving Average is at 6896, showing Sell signal, Bitcoin is trading below it at $6491.31. 50 days Exponential Moving Average is at 6651.6, showing Sell signal, Bitcoin is trading below it at $6491.31. 10 days Exponential Moving Average is indicating Sell since Bitcoin is trading at $6491.31, below MAs value of 6525.2.
30 days Exponential Moving Average is at 6576.4, showing Sell signal, Bitcoin is trading below it at $6491.31. 100 days Simple Moving Average is indicating Sell action with value at 6744, Bitcoin is trading below it at $6491.31. 20 days Exponential Moving Average is at 6542.9, showing Sell signal, Bitcoin is trading below it at $6491.31.
10 days Simple Moving Average is at 6540.1, showing Sell signal, Bitcoin is trading below it at $6491.31. 30 days Simple Moving Average is indicating Sell action with value at 6625.9, Bitcoin is trading below it at $6491.31. 200 days Exponential Moving Average is at 7326.2, showing Sell signal, Bitcoin is trading below it at $6491.31.
Also Read: How are Bitcoin prices determined?
9 days Hull Moving Average is indicating Buy since Bitcoin is trading at $6491.31, below MAs value of 6450.4. 50 days Simple Moving Average is indicating Sell since Bitcoin is trading at $6491.31, below MAs value of 6564.8. 20 days Simple Moving Average is at 6449.8, showing Buy signal, Bitcoin is trading below it at $6491.31.
200 days Simple Moving Average is indicating Sell since Bitcoin is trading at $6491.31, below MAs value of 7376.5. 20 days Volume Weighted Moving Average is indicating Buy since Bitcoin is trading at $6491.31, below MAs value of 6448.1. 9 days Ichimoku Cloud Base Line is indicating Neutral since Bitcoin is trading at $6491.31, below MAs value of 6764.6.
Other Technical Price Analysis for today:
EOS (EOS/USD) Price Prediction via Technical Analysis for 27 September 2018
Litecoin (LTC/USD) Price Prediction via Technical Analysis for 27 September 2018
Bitcoin Cash (BCH/USD) Price Prediction via Technical Analysis for 27 September 2018