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 | $7,026.9594 | 0.12% |
| 1 week | $7,144.4694 | 1.80% |
| 1 month | $6,974.3269 | -0.63% |
| 6 months | $7,645.1256 | 8.93% |
| 1 year | $10,092.4663 | 43.80% |
| 5 years | $24,224.1273 | 245.15% |
We've applied Technical Analysis to the price of Bitcoin (BTC/USD) for today and predict where price is headed.
The stochastic oscillator is a momentum indicator that compares the closing price of a security with the price range over a specific period. Stochastic oscillator is at 88.89, indicating Neutral action.
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 showing Neutral signal, with value at 57.79.
The Commodity Channel Index (CCI) is a momentum-based technical trading tool used to determine when a market is overbought or oversold. Commodity Channel Index is indicating Neutral action, with value at 184.42.
20 days Exponential Moving Average is indicating Buy since Bitcoin is trading at $7018.45, below MAs value of 6675.07. 200 days Simple Moving Average is at 7892.88, showing Sell signal, Bitcoin is trading below it at $7018.45. 20 days Simple Moving Average is at 6469.87, showing Buy signal, Bitcoin is trading below it at $7018.45.
30 days Exponential Moving Average is at 6727.24, showing Buy signal, Bitcoin is trading below it at $7018.45. 100 days Simple Moving Average is indicating Buy action with value at 6928.56, Bitcoin is trading below it at $7018.45. 9 days Ichimoku Cloud Base Line is indicating Neutral action with value at 6695.95, Bitcoin is trading below it at $7018.45.
200 days Exponential Moving Average is indicating Sell action with value at 7575.79, Bitcoin is trading below it at $7018.45. 30 days Simple Moving Average is indicating Buy action with value at 6728.3, Bitcoin is trading below it at $7018.45. 50 days Simple Moving Average is indicating Buy action with value at 6950.05, Bitcoin is trading below it at $7018.45.
20 days Volume Weighted Moving Average is at 6401.57, showing Buy signal, Bitcoin is trading below it at $7018.45. 10 days Simple Moving Average is indicating Buy action with value at 6616.81, Bitcoin is trading below it at $7018.45. 10 days Exponential Moving Average is at 6696.04, showing Buy signal, Bitcoin is trading below it at $7018.45.
Also Read: Uses of Cryptocurrencies
9 days Hull Moving Average is indicating Buy action with value at 6962.32, Bitcoin is trading below it at $7018.45. 50 days Exponential Moving Average is indicating Buy action with value at 6827.86, Bitcoin is trading below it at $7018.45. 100 days Exponential Moving Average is indicating Sell action with value at 7140.16, Bitcoin is trading below it at $7018.45.
Other Technical Price Analysis for today:
Ripple (XRP/USD) Price Prediction via Technical Analysis for 28 August 2018
Ethereum (ETH/USD) Price Prediction via Technical Analysis for 28 August 2018
NEO (NEO/USD) Price Prediction via Technical Analysis for 28 August 2018