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 03/17/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 24,842.80 USDT

My targets

29,848.90 USDT (+13.73%)

40,624.10 USDT (+54.78%)

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 24,842.80 USDT. The next resistance located at 29,848.90 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 40,624.10 USDT. After this resistance, buyers could then target 47,434.00 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.9

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

Additional analysis

Quotes

The BITCOIN - BTC/USDT rating is 26,245.80 USDT. On the day, this instrument gained +4.99% and was traded between 24,893.12 USDT and 26,952.40 USDT over the period. The price is currently at +5.43% from its lowest and -2.62% from its highest.

24,893.12

26,952.40

26,245.80

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

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

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 strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
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 has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	21,619.90	23,745.40	24,842.80	26,245.80	29,848.90	40,624.10	47,434.00
Change (%)	-17.63%	-9.53%	-5.35%	-	+13.73%	+54.78%	+80.73%
Change	-4,625.90	-2,500.40	-1,403.00	-	+3,603.10	+14,378.30	+21,188.20
Level	Major	Intermediate	Major	-	Minor	Minor	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23,345.97	23,738.89	24,369.03	24,761.95	25,392.09	25,785.01	26,415.15
Camarilla	24,717.84	24,811.62	24,905.40	24,999.18	25,092.96	25,186.74	25,280.52
Woodie	23,464.59	23,798.20	24,487.65	24,821.26	25,510.71	25,844.32	26,533.77
Fibonacci	23,738.89	24,129.70	24,371.14	24,761.95	25,152.76	25,394.20	25,785.01

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16,047.62	17,806.89	19,133.76	20,893.03	22,219.90	23,979.17	25,306.04
Camarilla	19,611.94	19,894.84	20,177.73	20,460.63	20,743.53	21,026.42	21,309.32
Woodie	15,831.42	17,698.79	18,917.56	20,784.93	22,003.70	23,871.07	25,089.84
Fibonacci	17,806.89	18,985.80	19,714.13	20,893.03	22,071.94	22,800.27	23,979.17

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17,815.47	19,588.53	21,694.97	23,468.03	25,574.47	27,347.53	29,453.97
Camarilla	22,734.54	23,090.16	23,445.78	23,801.40	24,157.02	24,512.64	24,868.26
Woodie	17,982.15	19,671.88	21,861.65	23,551.38	25,741.15	27,430.88	29,620.65
Fibonacci	19,588.53	21,070.50	21,986.06	23,468.03	24,950.00	25,865.56	27,347.53

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):	68.41
MACD (12,26,9):	510.6300
Directional Movement:	28.15
AROON (14):	50.00
DEMA (21):	23,806.24
Parabolic SAR (0,02-0,02-0,2):	20,434.27
Elder Ray (13):	2,353.06
Super Trend (3,10):	22,032.36
Zig ZAG (10):	26,284.63
VORTEX (21):	1.0200
Stochastique (14,3,5):	79.77
TEMA (21):	24,025.23
Williams %R (14):	-9.68
Chande Momentum Oscillator (20):	3,800.90
Repulse (5,40,3):	8.9700
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	5.35

MA7:	23,818.18
MA20:	23,047.67
MA50:	23,041.24
MA100:	20,348.53
MAexp7:	24,238.41
MAexp20:	23,284.43
MAexp50:	22,455.49
MAexp100:	21,345.18
Price / MA7:	+10.19%
Price / MA20:	+13.88%
Price / MA50:	+13.91%
Price / MA100:	+28.98%
Price / MAexp7:	+8.28%
Price / MAexp20:	+12.72%
Price / MAexp50:	+16.88%
Price / MAexp100:	+22.96%

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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