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 08/16/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

67%

28%

My opinion

Bullish above 45,155.00 USDT

My targets

51,302.70 USDT (+10.53%)

57,540.20 USDT (+23.97%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BITCOIN - BTC/USDT as long as the price remains well above 45,155.00 USDT. The buyers' bullish objective is set at 51,302.70 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 57,540.20 USDT. If there is any crossing, the next objective would be the resistance located at 63,570.20 USDT.

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

6.3

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

Additional analysis

Quotes

The BITCOIN - BTC/USDT price is 46,416.47 USDT. On the day, this instrument lost -1.21% and was traded between 45,975.69 USDT and 48,031.85 USDT over the period. The price is currently at +0.96% from its lowest and -3.36% from its highest.

45,975.69

48,031.85

46,416.47

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows an item:

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 bullish trend. 75.00% of the signals given by moving averages are bullish. This 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, 12 technical indicators on 18 studied are currently bullish. 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 detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

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 resistance of channel

Type : Bearish

Timeframe : Daily

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	33,409.30	40,537.80	45,155.00	46,416.47	51,302.70	57,540.20	63,570.20
Change (%)	-28.02%	-12.67%	-2.72%	-	+10.53%	+23.97%	+36.96%
Change	-13,007.17	-5,878.67	-1,261.47	-	+4,886.23	+11,123.73	+17,153.73
Level	Minor	Major	Intermediate	-	Minor	Intermediate	Major

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	44,036.06	44,772.46	45,878.40	46,614.80	47,720.74	48,457.14	49,563.08
Camarilla	46,477.70	46,646.58	46,815.46	46,984.34	47,153.22	47,322.10	47,490.98
Woodie	44,220.83	44,864.85	46,063.17	46,707.19	47,905.51	48,549.53	49,747.85
Fibonacci	44,772.46	45,476.23	45,911.03	46,614.80	47,318.57	47,753.37	48,457.14

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38,608.38	40,706.69	43,887.88	45,986.19	49,167.38	51,265.69	54,446.88
Camarilla	45,617.21	46,101.16	46,585.12	47,069.07	47,553.02	48,036.98	48,520.93
Woodie	39,149.82	40,977.41	44,429.32	46,256.91	49,708.82	51,536.41	54,988.32
Fibonacci	40,706.69	42,723.46	43,969.42	45,986.19	48,002.96	49,248.92	51,265.69

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20,081.23	24,691.77	33,055.83	37,666.37	46,030.43	50,640.97	59,005.03
Camarilla	37,851.89	39,041.22	40,230.56	41,419.90	42,609.24	43,798.58	44,987.92
Woodie	21,958.00	25,630.15	34,932.60	38,604.75	47,907.20	51,579.35	60,881.80
Fibonacci	24,691.77	29,648.06	32,710.07	37,666.37	42,622.66	45,684.67	50,640.97

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):	66.05
MACD (12,26,9):	2,875.1900
Directional Movement:	15.72
AROON (14):	64.28
DEMA (21):	46,863.26
Parabolic SAR (0,02-0,02-0,2):	43,887.46
Elder Ray (13):	2,281.33
Super Trend (3,10):	40,006.11
Zig ZAG (10):	46,597.79
VORTEX (21):	1.2100
Stochastique (14,3,5):	88.66
TEMA (21):	48,267.10
Williams %R (14):	-14.34
Chande Momentum Oscillator (20):	6,815.04
Repulse (5,40,3):	1.1800
ROCnROLL:	1
TRIX (15,9):	1.0600
Courbe Coppock:	32.20

MA7:	46,267.38
MA20:	43,140.17
MA50:	37,438.14
MA100:	38,246.46
MAexp7:	46,085.00
MAexp20:	43,162.33
MAexp50:	39,985.12
MAexp100:	40,204.60
Price / MA7:	+0.32%
Price / MA20:	+7.59%
Price / MA50:	+23.98%
Price / MA100:	+21.36%
Price / MAexp7:	+0.72%
Price / MAexp20:	+7.54%
Price / MAexp50:	+16.08%
Price / MAexp100:	+15.45%

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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