BITCOIN - BTC/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTCUSDT
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BITCOIN - BTC/USDT - Daily - Technical analysis published on 03/19/2023 (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

83%

17%

My opinion

Bullish above 24,842.80 USDT

My targets

29,848.90 USDT (+10.68%)

37,140.13 USDT (+37.72%)

My analysis

The bullish trend is currently very strong on BITCOIN - BTC/USDT. As long as the price remains above the support at 24,842.80 USDT, you could try to benefit from the boom. The first bullish objective is located at 29,848.90 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 37,140.13 USDT as an objective. Crossing it would then enable buyers to target 40,624.10 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

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

8.8

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 price is 26,968.50 USDT. On the day, this instrument gained +0.22% and was between 26,828.89 USDT and 27,283.22 USDT. This implies that the price is at +0.52% from its lowest and at -1.15% from its highest.

26,828.89

27,283.22

26,968.50

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BITCOIN - BTC/USDT in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Daily

In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	19,051.30	21,619.90	24,842.80	26,968.50	29,848.90	40,624.10	47,434.00
Change (%)	-29.36%	-19.83%	-7.88%	-	+10.68%	+50.64%	+75.89%
Change	-7,917.20	-5,348.60	-2,125.70	-	+2,880.40	+13,655.60	+20,465.50
Level	Minor	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	25,354.37	25,985.41	26,446.78	27,077.82	27,539.19	28,170.23	28,631.60
Camarilla	26,607.74	26,707.88	26,808.01	26,908.15	27,008.29	27,108.43	27,208.56
Woodie	25,269.54	25,942.99	26,361.95	27,035.40	27,454.36	28,127.81	28,546.77
Fibonacci	25,985.41	26,402.71	26,660.52	27,077.82	27,495.12	27,752.93	28,170.23

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14,742.91	17,509.16	22,208.65	24,974.90	29,674.39	32,440.64	37,140.13
Camarilla	24,855.07	25,539.43	26,223.79	26,908.15	27,592.51	28,276.87	28,961.23
Woodie	15,709.54	17,992.47	23,175.28	25,458.21	30,641.02	32,923.95	38,106.76
Fibonacci	17,509.16	20,361.07	22,122.98	24,974.90	27,826.81	29,588.72	32,440.64

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	68.63
MACD (12,26,9):	960.0000
Directional Movement:	28.61
AROON (14):	50.00
DEMA (21):	25,048.87
Parabolic SAR (0,02-0,02-0,2):	21,284.82
Elder Ray (13):	2,469.16
Super Trend (3,10):	23,283.35
Zig ZAG (10):	26,994.13
VORTEX (21):	1.1300
Stochastique (14,3,5):	92.12
TEMA (21):	25,683.28
Williams %R (14):	-9.30
Chande Momentum Oscillator (20):	4,779.29
Repulse (5,40,3):	5.0000
ROCnROLL:	1
TRIX (15,9):	0.1900
Courbe Coppock:	23.61

MA7:	25,618.16
MA20:	23,334.80
MA50:	23,231.98
MA100:	20,558.68
MAexp7:	25,590.38
MAexp20:	24,034.07
MAexp50:	22,840.22
MAexp100:	21,588.53
Price / MA7:	+5.27%
Price / MA20:	+15.57%
Price / MA50:	+16.08%
Price / MA100:	+31.18%
Price / MAexp7:	+5.39%
Price / MAexp20:	+12.21%
Price / MAexp50:	+18.07%
Price / MAexp100:	+24.92%

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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