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 03/07/2021 (GMT)

Londinia

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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

50%

17%

33%

My opinion

Bullish above 45,265.77 USDT

My targets

53,295.51 USDT (+7.52%)

57,411.20 USDT (+15.82%)

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 53,295.51 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 confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.1

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 price is 49,569.96 USDT. The price has increased by +1.44% since the last closing and was traded between 48,867.10 USDT and 49,892.30 USDT over the period. The price is currently at +1.44% from its lowest and -0.65% from its highest.

48,867.10

49,892.30

49,569.96

The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 Daily shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	18,155.10	30,360.50	40,587.30	49,569.96	57,411.20
Change (%)	-63.37%	-38.75%	-18.12%	-	+15.82%
Change	-31,414.86	-19,209.46	-8,982.66	-	+7,841.24
Level	Minor	Intermediate	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	45,481.97	46,284.68	47,575.25	48,377.97	49,668.53	50,471.25	51,761.82
Camarilla	48,290.17	48,482.05	48,673.94	48,865.82	49,057.70	49,249.59	49,441.47
Woodie	45,725.90	46,406.65	47,819.18	48,499.93	49,912.46	50,593.21	52,005.74
Fibonacci	46,284.68	47,084.32	47,578.33	48,377.97	49,177.60	49,671.61	50,471.25

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34,194.12	38,623.81	43,744.81	48,174.51	53,295.51	57,725.21	62,846.21
Camarilla	46,239.38	47,114.86	47,990.34	48,865.82	49,741.30	50,616.78	51,492.26
Woodie	34,539.77	38,796.63	44,090.47	48,347.33	53,641.17	57,898.03	63,191.87
Fibonacci	38,623.81	42,272.18	44,526.14	48,174.51	51,822.88	54,076.84	57,725.21

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6,176.64	19,243.27	32,199.13	45,265.77	58,221.63	71,288.26	84,244.13
Camarilla	37,998.81	40,384.21	42,769.60	45,155.00	47,540.40	49,925.79	52,311.19
Woodie	6,121.25	19,215.58	32,143.75	45,238.08	58,166.25	71,260.58	84,188.75
Fibonacci	19,243.27	29,183.86	35,325.17	45,265.77	55,206.36	61,347.67	71,288.26

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):	55.42
MACD (12,26,9):	1,333.9800
Directional Movement:	3.65
AROON (14):	-50.00
DEMA (21):	50,494.84
Parabolic SAR (0,02-0,02-0,2):	51,137.21
Elder Ray (13):	583.96
Super Trend (3,10):	57,409.97
Zig ZAG (10):	49,203.44
VORTEX (21):	1.0200
Stochastique (14,3,5):	39.34
TEMA (21):	49,070.74
Williams %R (14):	-56.92
Chande Momentum Oscillator (20):	342.08
Repulse (5,40,3):	2.1100
ROCnROLL:	1
TRIX (15,9):	0.6300
Courbe Coppock:	15.36

MA7:	49,083.51
MA20:	50,115.01
MA50:	42,815.81
MA100:	34,519.50
MAexp7:	48,844.38
MAexp20:	48,310.60
MAexp50:	43,680.68
MAexp100:	36,600.65
Price / MA7:	+0.99%
Price / MA20:	-1.09%
Price / MA50:	+15.77%
Price / MA100:	+43.60%
Price / MAexp7:	+1.49%
Price / MAexp20:	+2.61%
Price / MAexp50:	+13.48%
Price / MAexp100:	+35.43%

Quotes : 2021-03-07 06:53:06 - Real time data - Cryptocompare

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

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