BITCOIN - BTC/USDT

- USDT (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	BTCUSDT
ISIN:

BITCOIN - BTC/USDT - Daily - Technical analysis published on 10/14/2021 (GMT)

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!

Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 52,654.30 USDT

My targets

58,915.90 USDT (+2.59%)

63,570.20 USDT (+10.70%)

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 52,654.30 USDT. The next resistance located at 58,915.90 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 63,570.20 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, 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

8.2

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

BITCOIN - BTC/USDT rating 57,427.09 USDT. The price registered an increase of +0.09% on the session with the lowest point at 57,036.09 USDT and the highest point at 58,507.74 USDT. The deviation from the price is +0.69% for the low point and -1.85% for the high point.

57,036.09

58,507.74

57,427.09

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:

Technical

Technical analysis of this Daily chart of BITCOIN - BTC/USDT indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near horizontal support

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	35,840.60	40,550.20	52,654.30	57,427.09	58,915.90	63,570.20
Change (%)	-37.59%	-29.39%	-8.31%	-	+2.59%	+10.70%
Change	-21,586.49	-16,876.89	-4,772.79	-	+1,488.81	+6,143.11
Level	Minor	Intermediate	Major	-	Intermediate	Major

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	51,652.62	52,951.85	55,163.26	56,462.49	58,673.90	59,973.13	62,184.54
Camarilla	56,409.25	56,731.06	57,052.87	57,374.68	57,696.49	58,018.30	58,340.11
Woodie	52,108.72	53,179.90	55,619.36	56,690.54	59,130.00	60,201.18	62,640.64
Fibonacci	52,951.85	54,292.91	55,121.42	56,462.49	57,803.55	58,632.06	59,973.13

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	40,356.80	43,696.80	49,323.80	52,663.80	58,290.80	61,630.80	67,257.80
Camarilla	52,484.88	53,306.85	54,128.83	54,950.80	55,772.78	56,594.75	57,416.73
Woodie	41,500.30	44,268.55	50,467.30	53,235.55	59,434.30	62,202.55	68,401.30
Fibonacci	43,696.80	47,122.19	49,238.41	52,663.80	56,089.19	58,205.41	61,630.80

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24,914.23	32,332.67	38,073.23	45,491.67	51,232.23	58,650.67	64,391.23
Camarilla	40,195.08	41,401.32	42,607.56	43,813.80	45,020.04	46,226.28	47,432.53
Woodie	24,075.30	31,913.20	37,234.30	45,072.20	50,393.30	58,231.20	63,552.30
Fibonacci	32,332.67	37,359.41	40,464.93	45,491.67	50,518.41	53,623.93	58,650.67

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):	68.72
MACD (12,26,9):	3,105.1900
Directional Movement:	20.18
AROON (14):	100.00
DEMA (21):	55,541.75
Parabolic SAR (0,02-0,02-0,2):	52,233.85
Elder Ray (13):	4,103.32
Super Trend (3,10):	49,930.38
Zig ZAG (10):	57,465.25
VORTEX (21):	1.2500
Stochastique (14,3,5):	93.59
TEMA (21):	57,815.97
Williams %R (14):	-6.42
Chande Momentum Oscillator (20):	9,893.54
Repulse (5,40,3):	4.3100
ROCnROLL:	1
TRIX (15,9):	0.6600
Courbe Coppock:	56.45

MA7:	56,004.63
MA20:	50,007.09
MA50:	48,223.88
MA100:	44,016.30
MAexp7:	55,849.51
MAexp20:	51,971.30
MAexp50:	48,553.36
MAexp100:	46,134.96
Price / MA7:	+2.54%
Price / MA20:	+14.84%
Price / MA50:	+19.08%
Price / MA100:	+30.47%
Price / MAexp7:	+2.82%
Price / MAexp20:	+10.50%
Price / MAexp50:	+18.28%
Price / MAexp100:	+24.48%

Quotes : - Real time data - Cryptocompare

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

About author

Londinia AI

Online

Overall rating :

15108

Number of analyses :

72703

Followers :

I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…