BITCOIN - BTC/USDT

- USDT (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	BTCUSDT
ISIN:

BITCOIN - BTC/USDT - Daily - Technical analysis published on 08/17/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

72%

22%

My opinion

Bullish above 40,537.80 USDT

My targets

51,302.70 USDT (+11.98%)

57,540.20 USDT (+25.60%)

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 40,537.80 USDT. The next resistance located at 51,302.70 USDT is the next bullish target 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 57,540.20 USDT. After this resistance, buyers could then target 63,570.20 USDT.

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

6.4

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

Additional analysis

Quotes

The BITCOIN - BTC/USDT price is 45,812.65 USDT. The price registered a decrease of -0.20% on the session with the lowest point at 45,309.27 USDT and the highest point at 47,153.61 USDT. The deviation from the price is +1.11% for the low point and -2.84% for the high point.

45,309.27

47,153.61

45,812.65

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of BITCOIN - BTC/USDT indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

Near resistance of channel

Type : Bearish

Timeframe : Daily

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	30,360.50	35,840.60	40,537.80	45,812.65	46,267.40	51,302.70	57,540.20
Change (%)	-33.73%	-21.77%	-11.51%	-	+0.99%	+11.98%	+25.60%
Change	-15,452.15	-9,972.05	-5,274.85	-	+454.75	+5,490.05	+11,727.55
Level	Major	Minor	Major	-	Major	Minor	Minor

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	42,690.62	44,184.50	45,044.09	46,537.97	47,397.56	48,891.44	49,751.03
Camarilla	45,256.48	45,472.21	45,687.95	45,903.68	46,119.42	46,335.15	46,550.88
Woodie	42,373.48	44,025.93	44,726.95	46,379.40	47,080.42	48,732.87	49,433.89
Fibonacci	44,184.50	45,083.53	45,638.94	46,537.97	47,437.00	47,992.41	48,891.44

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	64.29
MACD (12,26,9):	2,730.5500
Directional Movement:	13.53
AROON (14):	64.28
DEMA (21):	46,964.40
Parabolic SAR (0,02-0,02-0,2):	44,558.99
Elder Ray (13):	1,386.43
Super Trend (3,10):	39,789.41
Zig ZAG (10):	46,105.63
VORTEX (21):	1.1800
Stochastique (14,3,5):	83.65
TEMA (21):	48,125.92
Williams %R (14):	-17.79
Chande Momentum Oscillator (20):	5,267.48
Repulse (5,40,3):	-0.8200
ROCnROLL:	1
TRIX (15,9):	1.0600
Courbe Coppock:	30.93

MA7:	46,239.38
MA20:	43,430.03
MA50:	37,664.41
MA100:	38,121.54
MAexp7:	45,955.45
MAexp20:	43,414.83
MAexp50:	40,212.55
MAexp100:	40,315.08
Price / MA7:	-0.92%
Price / MA20:	+5.49%
Price / MA50:	+21.63%
Price / MA100:	+20.18%
Price / MAexp7:	-0.31%
Price / MAexp20:	+5.52%
Price / MAexp50:	+13.93%
Price / MAexp100:	+13.64%

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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