BITCOIN - BTC/USDT - Daily - Technical analysis published on 01/14/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 7,876.62 USDT
My targets
9,491.67 USDT (+9.38%)
10,072.60 USDT (+16.08%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on BITCOIN - BTC/USDT. This is a positive signal for buyers. As long as the price remains above 7,876.62 USDT, a purchase could be considered. The first bullish objective is located at 9,491.67 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10,072.60 USDT as an objective. Crossing it would then enable buyers to target 11,999.00 USDT. In the event of a return below 7,876.62 USDT, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be 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
0
10
7.7
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This analysis was given by vinod. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USDT rating is 8,677.41 USDT. The price registered an increase of +7.06% on the session and was between 8,105.53 USDT and 8,729.12 USDT. This implies that the price is at +7.06% from its lowest and at -0.59% from its highest.8,105.53
8,729.12
8,677.41
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:
Technical
A technical analysis in Daily of this BITCOIN - BTC/USDT chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 17 technical indicators on 18 studied are currently positioned bullish. 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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7,402.17 | 7,876.62 | 8,562.41 | 8,677.41 | 9,491.67 | 10,072.60 | 11,999.00 |
| Change (%) | -14.70% | -9.23% | -1.33% | - | +9.38% | +16.08% | +38.28% |
| Change | -1,275.24 | -800.79 | -115.00 | - | +814.26 | +1,395.19 | +3,321.59 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | 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 | 7,913.53 | 7,986.60 | 8,045.88 | 8,118.95 | 8,178.23 | 8,251.30 | 8,310.58 |
| Camarilla | 8,068.75 | 8,080.89 | 8,093.02 | 8,105.15 | 8,117.28 | 8,129.41 | 8,141.55 |
| Woodie | 7,906.63 | 7,983.15 | 8,038.98 | 8,115.50 | 8,171.33 | 8,247.85 | 8,303.68 |
| Fibonacci | 7,986.60 | 8,037.16 | 8,068.40 | 8,118.95 | 8,169.51 | 8,200.75 | 8,251.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,309.88 | 6,818.00 | 7,422.02 | 7,930.14 | 8,534.16 | 9,042.28 | 9,646.30 |
| Camarilla | 7,720.19 | 7,822.14 | 7,924.08 | 8,026.03 | 8,127.98 | 8,229.92 | 8,331.87 |
| Woodie | 6,357.82 | 6,841.98 | 7,469.96 | 7,954.12 | 8,582.10 | 9,066.26 | 9,694.24 |
| Fibonacci | 6,818.00 | 7,242.84 | 7,505.31 | 7,930.14 | 8,354.98 | 8,617.45 | 9,042.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,292.62 | 5,867.72 | 6,530.50 | 7,105.60 | 7,768.38 | 8,343.48 | 9,006.26 |
| Camarilla | 6,852.86 | 6,966.34 | 7,079.81 | 7,193.28 | 7,306.75 | 7,420.22 | 7,533.70 |
| Woodie | 5,336.46 | 5,889.64 | 6,574.34 | 7,127.52 | 7,812.22 | 8,365.40 | 9,050.10 |
| Fibonacci | 5,867.72 | 6,340.59 | 6,632.73 | 7,105.60 | 7,578.47 | 7,870.61 | 8,343.48 |
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): | 69.06 | |
| MACD (12,26,9): | 264.4700 | |
| Directional Movement: | 29.00 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 8,080.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,408.31 | |
| Elder Ray (13): | 464.05 | |
| Super Trend (3,10): | 7,447.13 | |
| Zig ZAG (10): | 8,675.54 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 86.76 | |
| TEMA (21): | 8,356.66 | |
| Williams %R (14): | -1.80 | |
| Chande Momentum Oscillator (20): | 1,723.60 | |
| Repulse (5,40,3): | 9.9500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3100 | |
| Courbe Coppock: | 25.64 |
| MA7: | 8,155.00 | |
| MA20: | 7,640.71 | |
| MA50: | 7,424.05 | |
| MA100: | 7,942.88 | |
| MAexp7: | 8,177.10 | |
| MAexp20: | 7,793.92 | |
| MAexp50: | 7,686.22 | |
| MAexp100: | 7,982.66 | |
| Price / MA7: | +6.41% | |
| Price / MA20: | +13.57% | |
| Price / MA50: | +16.88% | |
| Price / MA100: | +9.25% | |
| Price / MAexp7: | +6.12% | |
| Price / MAexp20: | +11.34% | |
| Price / MAexp50: | +12.90% | |
| Price / MAexp100: | +8.70% |
This member declared not having a position on this financial instrument or a related financial instrument.
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