BITCOIN - BTC/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTCUSDT
ISIN:

BITCOIN - BTC/USDT - Daily - Technical analysis published on 10/22/2020 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 12,280.20 USDT

My targets

13,084.07 USDT (+1.00%)

14,119.55 USDT (+9.00%)

My analysis

BITCOIN - BTC/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 12,280.20 USDT. The next resistance located at 13,084.07 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 14,119.55 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.8

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

BITCOIN - BTC/USDT rating 12,954.11 USDT. On the day, this instrument gained +1.33% with the lowest point at 12,685.71 USDT and the highest point at 13,020.32 USDT. The deviation from the price is +2.12% for the low point and -0.51% for the high point.

12,685.71

13,020.32

12,954.11

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

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this BITCOIN - BTC/USDT chart shows a strongly bullish trend. 89.29% 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	10,341.90	11,525.60	12,280.20	12,954.11	13,093.50
Change (%)	-20.17%	-11.03%	-5.20%	-	+1.08%
Change	-2,612.21	-1,428.51	-673.91	-	+139.39
Level	Intermediate	Major	Major	-	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	10,729.80	11,308.55	12,046.40	12,625.15	13,363.00	13,941.75	14,679.60
Camarilla	12,422.20	12,542.88	12,663.57	12,784.26	12,904.95	13,025.64	13,146.33
Woodie	10,809.36	11,348.33	12,125.96	12,664.93	13,442.56	13,981.53	14,759.16
Fibonacci	11,308.55	11,811.49	12,122.21	12,625.15	13,128.09	13,438.81	13,941.75

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	80.86
MACD (12,26,9):	413.7500
Directional Movement:	41.94
AROON (14):	92.86
DEMA (21):	12,027.36
Parabolic SAR (0,02-0,02-0,2):	11,435.58
Elder Ray (13):	1,052.36
Super Trend (3,10):	11,741.34
Zig ZAG (10):	12,985.51
VORTEX (21):	1.3400
Stochastique (14,3,5):	89.82
TEMA (21):	12,356.73
Williams %R (14):	-10.09
Chande Momentum Oscillator (20):	1,661.39
Repulse (5,40,3):	8.7600
ROCnROLL:	1
TRIX (15,9):	0.3200
Courbe Coppock:	21.89

MA7:	11,939.73
MA20:	11,369.50
MA50:	10,890.21
MA100:	10,967.63
MAexp7:	12,149.87
MAexp20:	11,560.87
MAexp50:	11,169.78
MAexp100:	10,811.12
Price / MA7:	+8.50%
Price / MA20:	+13.94%
Price / MA50:	+18.95%
Price / MA100:	+18.11%
Price / MAexp7:	+6.62%
Price / MAexp20:	+12.05%
Price / MAexp50:	+15.97%
Price / MAexp100:	+19.82%

Quotes : 2020-10-22 16:35:01 - Real time data - Cryptocompare

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

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