Bitcoin Price – BTC

Gasoline closed up by 1.58% to 1.475 on 13 January 2021 and +7.02% on a weekly basis. Gasoline momentum was last calculated at +100.0/100 indicating positive momentum. Gasoline trend is +75.0/100 indicating a positive trend. Gasoline momentum exhaustion is 1.45 indicating Gasoline is neither oversold or overbought. Gasoline RSI is 76.13 .

Bitcoin Chart

Bitcoin

Bitcoin Statistics

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
Bitcoinbitcoin56405.4-2.42-8.110.64

Gasoline closed at 1.475 on 13 January 2021. Gasoline trend was last calculated at +75.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Gasoline momentum was last calculated at +100.0/100 (range: -100 to +100) indicating positive momentum. Gasoline momentum exhaustion is 1.45 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Gasoline is neither oversold or overbought. Gasoline RSI was last calculated at 76.13. Gasoline moving averages were last recorded as follows: 1-month moving average: 1.36 in an uptrend , 1-quarter moving average: 1.23 in an uptrend and 1-year moving average: 1.11 in a downtrend. Gasoline annual return was last recorded at None%, daily return was last recorded at 1.58%, and weekly return was last recorded at 7.02%. Gasoline Historical 20-day volatility was last recorded at 25.337%, MacroVar models monitor Gasoline statistics based on historical data since 1970.

Bitcoin Price – BTC Trading Signals

MacroVar estimates the following signals: Bitcoin Price – BTC momentum, Bitcoin Price – BTC trend, Bitcoin Price – BTC oscillator, Bitcoin Price – BTC RSI and Bitcoin Price – BTC returns.

Bitcoin Price – BTC Momentum

Momentum trading is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.

MacroVarBitcoin Price – BTC momentum signal ranges from -100 to +100. The Bitcoin Price – BTC momentum signal is derived as the mean value from 4 calculations for the Bitcoin Price – BTC. The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Bitcoin Price – BTC return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Bitcoin Price – BTC BADI momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Bitcoin Price – BTC momentum signal moves from positive to negative value or vice-versa.

Bitcoin Price – BTC Trend

Bitcoin Price – BTC trend signal ranges from -100 to +100. Bitcoin Price – BTC trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Bitcoin Price – BTC Closing price vs Bitcoin Price – BTC moving average (MA) calculation: If Bitcoin Price – BTC is greater than Bitcoin Price – BTC MA value is +1, else -1, 2. Bitcoin Price – BTC Moving average slope calculation: if current Bitcoin Price – BTC moving average is higher than the previous MA, Bitcoin Price – BTC upward slope +1, else -1
Bitcoin Price – BTC trend model can be used as a trend strength indicator. Bitcoin Price – BTC trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Bitcoin Price – BTC trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Bitcoin Price – BTC 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Bitcoin Price – BTC is in an uptrend when Bitcoin Price – BTC price is higher than the 52-week moving average and the Bitcoin Price – BTC 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Bitcoin Price – BTC oscillator and Bitcoin Price – BTC RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Bitcoin Price – BTC Oscillator

The Bitcoin Price – BTC oscillator estimated by MacroVar is the z-score of the current Bitcoin Price – BTC price versus Bitcoin Price – BTC 1-year simple moving average price. The formula for the Bitcoin Price – BTC oscillator is:
Bitcoin Price – BTC oscillator = (Current Price – 250 trading days Bitcoin Price – BTC simple moving average price) / (250 days Bitcoin Price – BTC price standard deviation)

Bitcoin Price – BTC oversold conditions
Bitcoin Price – BTC is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Bitcoin Price – BTC is oversold it is often due for a rebound. Values of the Bitcoin Price – BTC oscillator lower than -2.5 signify oversold conditions. It must be noted that the Bitcoin Price – BTC oscillator must be analyzed ibn conjunction with the rest of Bitcoin Price – BTC quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Bitcoin Price – BTC RSI.
Bitcoin Price – BTC overbought conditions
Bitcoin Price – BTC is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Bitcoin Price – BTC is overbought it is often due for a correction. Values of the Bitcoin Price – BTC oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Bitcoin Price – BTC quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

Bitcoin Price – BTC RSI Indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Bitcoin Price – BTC is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Bitcoin Price – BTC uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

Bitcoin Price – BTC Returns

MacroVar calculates Bitcoin Price – BTC returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

BTC returns = (BTC Closing Price – BTC Previous Price)/(BTC Previous Price)

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