Investors can use this prediction interface to forecast LocalBitcoins Bitcoin historic prices and determine the direction of LocalBitcoins Bitcoin USD future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of LocalBitcoins Bitcoin historical fundamentals such as revenue growth or operating cash flow patterns. Please see also Historical Fundamental Analysis of LocalBitcoins Bitcoin to cross-verify your projections.
On July 18, 2019 LocalBitcoins Bitcoin USD had Daily Balance Of Power of (0.004716). Balance of Power indicator (or BOP) measures the strength of LocalBitcoins Bitcoin USD market sensitivity to bulls and bears. It estimates the ability of LocalBitcoins Bitcoin buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring LocalBitcoins Bitcoin Balance of Power indicator one can determine a trend of the price direction.
On July 19 2019 LocalBitcoins Bitcoin USD was traded for 11,042 at the closing time. The highest price during the trading period was 23,000 and the lowest recorded bid was listed for 7,839 . The volume for the day was 311.7 K. This history from July 19, 2019 contributed to the next trading day price increase. The trading delta at closing time to the next closing price was 7.05% . The trading delta at closing time to the current price is 4.37% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.