BITCOIN - BTC/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTCUSDT
ISIN:

BITCOIN - BTC/USDT - Weekly - Technical analysis published on 10/20/2020 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 10,341.90 USDT

My targets

13,093.50 USDT (+10.90%)

My analysis

The bullish trend is currently very strong on BITCOIN - BTC/USDT. As long as the price remains above the support at 10,341.90 USDT, you could try to benefit from the boom. The first bullish objective is located at 13,093.50 USDT. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

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 Currenciesboost. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN - BTC/USDT rating is 11,806.17 USDT. Over 5 days, this instrument gained +3.40% and has been traded over the last 5 days between 11,215.50 USDT and 11,538.50 USDT. This implies that the 5 day price is +5.27% from its lowest point and +2.32% from its highest point.

11,215.50

11,538.50

11,806.17

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

Technical

Technical analysis of BITCOIN - BTC/USDT in Weekly shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

Near horizontal support

Type : Bullish

Timeframe : Weekly

Support of triangle is broken

Type : Bearish

Timeframe : Weekly

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	8,414.77	10,341.90	11,525.60	11,806.17	12,280.20	13,093.50
Change (%)	-28.73%	-12.40%	-2.38%	-	+4.02%	+10.90%
Change	-3,391.40	-1,464.27	-280.57	-	+474.03	+1,287.33
Level	Minor	Intermediate	Major	-	Major	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11,151.92	11,281.06	11,515.30	11,644.44	11,878.68	12,007.82	12,242.06
Camarilla	11,649.60	11,682.91	11,716.22	11,749.53	11,782.84	11,816.15	11,849.46
Woodie	11,204.46	11,307.34	11,567.84	11,670.72	11,931.22	12,034.10	12,294.60
Fibonacci	11,281.06	11,419.88	11,505.63	11,644.44	11,783.26	11,869.01	12,007.82

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10,640.94	10,928.22	11,143.94	11,431.22	11,646.94	11,934.22	12,149.94
Camarilla	11,221.34	11,267.44	11,313.55	11,359.66	11,405.77	11,451.88	11,497.99
Woodie	10,605.16	10,910.33	11,108.16	11,413.33	11,611.16	11,916.33	12,114.16
Fibonacci	10,928.22	11,120.37	11,239.07	11,431.22	11,623.37	11,742.07	11,934.22

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7,551.02	8,705.05	9,740.53	10,894.56	11,930.04	13,084.07	14,119.55
Camarilla	10,173.89	10,374.59	10,575.30	10,776.00	10,976.71	11,177.41	11,378.12
Woodie	7,491.74	8,675.41	9,681.25	10,864.92	11,870.76	13,054.43	14,060.26
Fibonacci	8,705.05	9,541.45	10,058.17	10,894.56	11,730.96	12,247.68	13,084.07

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	63.10
MACD (12,26,9):	651.2300
Directional Movement:	13.55
AROON (14):	35.71
DEMA (21):	11,428.07
Parabolic SAR (0,02-0,02-0,2):	10,436.26
Elder Ray (13):	681.40
Super Trend (3,10):	8,882.24
Zig ZAG (10):	11,806.17
VORTEX (21):	1.1400
Stochastique (14,3,5):	72.02
TEMA (21):	11,647.62
Williams %R (14):	-19.19
Chande Momentum Oscillator (20):	3.97
Repulse (5,40,3):	7.6100
ROCnROLL:	1
TRIX (15,9):	1.0300
Courbe Coppock:	30.14

MA7:	11,522.55
MA20:	11,136.78
MA50:	10,839.54
MA100:	10,894.60
MAexp7:	11,203.04
MAexp20:	10,568.82
MAexp50:	9,573.83
MAexp100:	8,579.40
Price / MA7:	+2.46%
Price / MA20:	+6.01%
Price / MA50:	+8.92%
Price / MA100:	+8.37%
Price / MAexp7:	+5.38%
Price / MAexp20:	+11.71%
Price / MAexp50:	+23.32%
Price / MAexp100:	+37.61%

Quotes : 2020-10-20 10:48:18 - Real time data - Cryptocompare

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

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