BITCOIN GOLD - BTG/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTGUSD
ISIN:

BITCOIN GOLD - BTG/USD - Daily - Technical analysis published on 08/04/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 14.40 USD

My targets

16.54 USD (+3.89%)

17.58 USD (+10.43%)

My analysis

The bullish trend is currently very strong on BITCOIN GOLD - BTG/USD. As long as the price remains above the support at 14.40 USD, you could try to benefit from the boom. The first bullish objective is located at 16.54 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 17.58 USD as an objective. Crossing it would then enable buyers to target 19.04 USD. 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.

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

7.7

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

Additional analysis

Quotes

The BITCOIN GOLD - BTG/USD price is 15.92 USD. On the day, this instrument gained +3.31% and was between 15.11 USD and 16.24 USD. This implies that the price is at +5.36% from its lowest and at -1.97% from its highest.

15.11

16.24

15.92

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

Technical

Technical analysis of BITCOIN GOLD - BTG/USD 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

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

Near horizontal resistance

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	13.19	14.40	15.60	15.92	16.54	17.58	19.04
Change (%)	-17.15%	-9.55%	-2.01%	-	+3.89%	+10.43%	+19.60%
Change	-2.73	-1.52	-0.32	-	+0.62	+1.66	+3.12
Level	Major	Intermediate	Intermediate	-	Major	Minor	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	13.80	14.36	14.89	15.45	15.98	16.54	17.07
Camarilla	15.11	15.21	15.31	15.41	15.51	15.61	15.71
Woodie	13.78	14.35	14.87	15.44	15.96	16.53	17.05
Fibonacci	14.36	14.78	15.04	15.45	15.87	16.13	16.54

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.92	11.69	12.52	13.29	14.12	14.89	15.72
Camarilla	12.92	13.07	13.21	13.36	13.51	13.65	13.80
Woodie	10.96	11.71	12.56	13.31	14.16	14.91	15.76
Fibonacci	11.69	12.30	12.68	13.29	13.90	14.28	14.89

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.79	6.31	13.50	19.02	26.21	31.73	38.92
Camarilla	17.21	18.37	19.54	20.70	21.87	23.03	24.20
Woodie	1.64	6.73	14.35	19.44	27.06	32.15	39.77
Fibonacci	6.31	11.16	14.16	19.02	23.87	26.87	31.73

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):	55.80
MACD (12,26,9):	0.7200
Directional Movement:	20.05
AROON (14):	21.43
DEMA (21):	15.57
Parabolic SAR (0,02-0,02-0,2):	14.38
Elder Ray (13):	0.55
Super Trend (3,10):	13.32
Zig ZAG (10):	15.83
VORTEX (21):	0.9600
Stochastique (14,3,5):	27.76
TEMA (21):	16.08
Williams %R (14):	-69.21
Chande Momentum Oscillator (20):	2.37
Repulse (5,40,3):	-8.7100
ROCnROLL:	1
TRIX (15,9):	0.5000
Courbe Coppock:	31.84

MA7:	15.93
MA20:	14.34
MA50:	13.62
MA100:	13.18
MAexp7:	15.74
MAexp20:	14.73
MAexp50:	13.94
MAexp100:	13.76
Price / MA7:	-0.06%
Price / MA20:	+11.02%
Price / MA50:	+16.89%
Price / MA100:	+20.79%
Price / MAexp7:	+1.14%
Price / MAexp20:	+8.08%
Price / MAexp50:	+14.20%
Price / MAexp100:	+15.70%

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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Londinia AI

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