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 03/19/2023 (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

89%

11%

My opinion

Bullish above 24,842.80 USDT

My targets

29,848.90 USDT (+6.69%)

37,140.13 USDT (+32.75%)

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 37,140.13 USDT. After this resistance, buyers could then target 40,624.10 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

8.9

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

BITCOIN - BTC/USDT rating 27,977.90 USDT. On the day, this instrument gained +3.98% and was between 26,828.89 USDT and 28,177.73 USDT. This implies that the price is at +4.28% from its lowest and at -0.71% from its highest.

26,828.89

28,177.73

27,977.90

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

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

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

A technical analysis in Daily of this BITCOIN - BTC/USDT chart shows a strongly bullish trend. 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. 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

The probability of a further increase is high given the direction of the technical indicators.
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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	19,051.30	21,619.90	24,842.80	27,977.90	29,848.90	40,624.10	47,434.00
Change (%)	-31.91%	-22.73%	-11.21%	-	+6.69%	+45.20%	+69.54%
Change	-8,926.60	-6,358.00	-3,135.10	-	+1,871.00	+12,646.20	+19,456.10
Level	Minor	Intermediate	Major	-	Minor	Minor	Minor

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

Technical indicators

Moving averages

RSI (14):	71.23
MACD (12,26,9):	1,024.3400
Directional Movement:	29.84
AROON (14):	64.29
DEMA (21):	25,183.10
Parabolic SAR (0,02-0,02-0,2):	21,284.82
Elder Ray (13):	2,799.32
Super Trend (3,10):	23,462.25
Zig ZAG (10):	27,841.28
VORTEX (21):	1.1200
Stochastique (14,3,5):	93.99
TEMA (21):	25,899.05
Williams %R (14):	-3.89
Chande Momentum Oscillator (20):	5,645.04
Repulse (5,40,3):	9.1900
ROCnROLL:	1
TRIX (15,9):	0.1900
Courbe Coppock:	25.00

MA7:	25,753.60
MA20:	23,383.00
MA50:	23,250.71
MA100:	20,568.01
MAexp7:	25,836.16
MAexp20:	24,120.16
MAexp50:	22,874.30
MAexp100:	21,606.23
Price / MA7:	+8.64%
Price / MA20:	+19.65%
Price / MA50:	+20.33%
Price / MA100:	+36.03%
Price / MAexp7:	+8.29%
Price / MAexp20:	+15.99%
Price / MAexp50:	+22.31%
Price / MAexp100:	+29.49%

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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