BITCOIN - BTC/USDT
BITCOIN - BTC/USDT
- USDT (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: BTCUSDT
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BITCOIN - BTC/USDT - Daily - Technical analysis published on 03/01/2021 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 45,265.77 USDT
My targets
54,330.54 USDT (+10.70%)
57,411.20 USDT (+16.98%)
My analysis
The basic bullish trend is very strong on BITCOIN - BTC/USDT but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 45,265.77 USDT. Crossing the first resistance at 54,330.54 USDT would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 57,411.20 USDT as an objective. Caution, a return to below 45,265.77 USDT would be a sign of a consolidation phase in the short-term basic trend. 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.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.2

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 Keums91. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The BITCOIN - BTC/USDT rating is 49,077.86 USDT. The price registered an increase of +8.69% on the session and was between 44,961.33 USDT and 49,361.09 USDT. This implies that the price is at +9.16% from its lowest and at -0.57% from its highest.

44,961.33
49,361.09
49,077.86

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USDT:

Technical


Technical analysis of BITCOIN - BTC/USDT in Daily shows a strongly overall bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 7 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


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:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 18,155.10 30,415.30 40,587.30 49,077.86 57,411.20
Change (%) -63.01% -38.03% -17.30% - +16.98%
Change -30,922.76 -18,662.56 -8,490.56 - +8,333.34
Level Minor Intermediate Major - Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard39,720.5941,387.0343,271.0244,937.4646,821.4548,487.8950,371.88
Camarilla44,178.6544,504.1144,829.5645,155.0245,480.4845,805.9346,131.39
Woodie39,829.3841,441.4243,379.8044,991.8546,930.2348,542.2850,480.66
Fibonacci41,387.0342,743.2943,581.1944,937.4646,293.7247,131.6248,487.89


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard25,978.9535,067.7840,154.7449,243.5754,330.5463,419.3768,506.34
Camarilla41,343.3742,642.8243,942.2645,241.7146,541.1647,840.6149,140.06
Woodie23,978.0234,067.3138,153.8148,243.1152,329.6162,418.9066,505.41
Fibonacci35,067.7840,482.9343,828.4249,243.5754,658.7358,004.2163,419.37


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6,176.6519,243.2832,199.1545,265.7758,221.6471,288.2784,244.14
Camarilla37,998.8340,384.2342,769.6345,155.0247,540.4249,925.8152,311.21
Woodie6,121.2719,215.5932,143.7745,238.0858,166.2771,260.5884,188.77
Fibonacci19,243.2829,183.8735,325.1845,265.7755,206.3761,347.6871,288.27

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): 55.65
MACD (12,26,9): 1,825.5400
Directional Movement: 0.85
AROON (14): -50.00
DEMA (21): 50,755.76
Parabolic SAR (0,02-0,02-0,2): 54,355.09
Elder Ray (13): -1,257.35
Super Trend (3,10): 57,409.96
Zig ZAG (10): 49,048.21
VORTEX (21): 1.0800
Stochastique (14,3,5): 20.14
TEMA (21): 49,428.09
Williams %R (14): -61.28
Chande Momentum Oscillator (20): -3,092.10
Repulse (5,40,3): 5.6200
ROCnROLL: 1
TRIX (15,9): 1.0800
Courbe Coppock: 0.07
MA7: 47,197.67
MA20: 49,562.22
MA50: 41,294.44
MA100: 32,659.52
MAexp7: 47,744.90
MAexp20: 47,641.38
MAexp50: 42,199.66
MAexp100: 35,002.91
Price / MA7: +3.98%
Price / MA20: -0.98%
Price / MA50: +18.85%
Price / MA100: +50.27%
Price / MAexp7: +2.79%
Price / MAexp20: +3.02%
Price / MAexp50: +16.30%
Price / MAexp100: +40.21%

Quotes : 2021-03-01 23:00:36 - Real time data - Cryptocompare

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

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