BITCOIN - BTC/EUR

- EUR (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTCEUR
ISIN:

BITCOIN - BTC/EUR - Daily - Technical analysis published on 03/19/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

17%

39%

44%

My opinion

Bullish above 53,184.70 EUR

My targets

62,956.03 EUR (+9.16%)

66,755.98 EUR (+15.75%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BITCOIN - BTC/EUR. As long as you are above the support located at 53,184.70 EUR, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 62,956.03 EUR would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 66,755.98 EUR as an objective. If the support 53,184.70 EUR were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.

Force

2.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Pita. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN - BTC/EUR rating is 57,672.27 EUR. On the day, this instrument lost -7.24% with the lowest point at 57,559.90 EUR and the highest point at 62,639.62 EUR. The deviation from the price is +0.20% for the low point and -7.93% for the high point.

57,559.90

62,639.62

57,672.27

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of BITCOIN - BTC/EUR in Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	36,333.08	48,406.86	53,184.70	57,672.27	58,274.90	62,956.03	66,755.98
Change (%)	-37.00%	-16.07%	-7.78%	-	+1.04%	+9.16%	+15.75%
Change	-21,339.19	-9,265.41	-4,487.57	-	+602.63	+5,283.76	+9,083.71
Level	Major	Intermediate	Intermediate	-	Major	Intermediate	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	59,050.27	60,123.92	61,149.37	62,223.02	63,248.47	64,322.12	65,347.57
Camarilla	61,597.56	61,789.98	61,982.39	62,174.81	62,367.23	62,559.65	62,752.06
Woodie	59,026.16	60,111.87	61,125.26	62,210.97	63,224.36	64,310.07	65,323.46
Fibonacci	60,123.92	60,925.78	61,421.17	62,223.02	63,024.88	63,520.27	64,322.12

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	49,243.66	54,380.58	57,159.71	62,296.63	65,075.76	70,212.68	72,991.81
Camarilla	57,761.94	58,487.57	59,213.21	59,938.85	60,664.49	61,390.13	62,115.76
Woodie	48,064.78	53,791.13	55,980.83	61,707.18	63,896.88	69,623.23	71,812.93
Fibonacci	54,380.58	57,404.51	59,272.70	62,296.63	65,320.56	67,188.75	70,212.68

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23,513.71	31,120.25	43,868.92	51,475.46	64,224.13	71,830.67	84,579.34
Camarilla	51,019.90	52,885.79	54,751.69	56,617.58	58,483.47	60,349.37	62,215.26
Woodie	26,084.77	32,405.78	46,439.98	52,760.99	66,795.19	73,116.20	87,150.40
Fibonacci	31,120.25	38,895.94	43,699.77	51,475.46	59,251.15	64,054.98	71,830.67

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	48.98
MACD (12,26,9):	2,857.9900
Directional Movement:	-2.13
AROON (14):	64.29
DEMA (21):	64,601.17
Parabolic SAR (0,02-0,02-0,2):	66,196.22
Elder Ray (13):	-1,347.49
Super Trend (3,10):	57,245.16
Zig ZAG (10):	58,001.30
VORTEX (21):	1.1000
Stochastique (14,3,5):	42.01
TEMA (21):	63,855.93
Williams %R (14):	-98.79
Chande Momentum Oscillator (20):	-3,295.02
Repulse (5,40,3):	-10.4400
ROCnROLL:	-1
TRIX (15,9):	1.0800
Courbe Coppock:	11.73

MA7:	62,689.34
MA20:	61,603.19
MA50:	51,883.15
MA100:	45,524.17
MAexp7:	61,585.79
MAexp20:	60,243.55
MAexp50:	53,976.22
MAexp100:	47,697.43
Price / MA7:	-8.00%
Price / MA20:	-6.38%
Price / MA50:	+11.16%
Price / MA100:	+26.68%
Price / MAexp7:	-6.35%
Price / MAexp20:	-4.27%
Price / MAexp50:	+6.85%
Price / MAexp100:	+20.91%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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