BITCOIN - BTC/USD - Daily - Technical analysis published on 05/25/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bullish
Technical indicators
22%
39%
39%
My opinion
Neutral between 8,561.57 USD and 9,156.30 USD
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 9,156.30 USD. The first support is located at 8,561.57 USD. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this 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 lokisynz1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 8,927.34 USD. On the day, this instrument lost +2.24% and was traded between 8,668.42 USD and 8,935.18 USD over the period. The price is currently at +2.99% from its lowest and -0.09% from its highest.8,668.42
8,935.18
8,927.34
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of BITCOIN - BTC/USD indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the slightly bullish trend could return to neutral. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
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 engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,875.21 | 6,617.29 | 8,561.57 | 8,927.34 | 9,156.30 | 10,371.20 | 12,932.90 |
| Change (%) | -34.19% | -25.88% | -4.10% | - | +2.56% | +16.17% | +44.87% |
| Change | -3,052.13 | -2,310.05 | -365.77 | - | +228.96 | +1,443.86 | +4,005.56 |
| Level | Major | Intermediate | Major | - | Intermediate | Intermediate | Intermediate |
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 | 7,948.77 | 8,332.88 | 8,532.37 | 8,916.48 | 9,115.97 | 9,500.08 | 9,699.57 |
| Camarilla | 8,571.36 | 8,624.86 | 8,678.35 | 8,731.85 | 8,785.35 | 8,838.84 | 8,892.34 |
| Woodie | 7,856.45 | 8,286.73 | 8,440.05 | 8,870.33 | 9,023.65 | 9,453.92 | 9,607.25 |
| Fibonacci | 8,332.88 | 8,555.82 | 8,693.55 | 8,916.48 | 9,139.42 | 9,277.15 | 9,500.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,510.00 | 8,155.28 | 8,666.02 | 9,311.30 | 9,822.04 | 10,467.32 | 10,978.06 |
| Camarilla | 8,858.85 | 8,964.81 | 9,070.78 | 9,176.75 | 9,282.72 | 9,388.69 | 9,494.66 |
| Woodie | 7,442.72 | 8,121.65 | 8,598.74 | 9,277.67 | 9,754.76 | 10,433.68 | 10,910.78 |
| Fibonacci | 8,155.28 | 8,596.88 | 8,869.70 | 9,311.30 | 9,752.90 | 10,025.72 | 10,467.32 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,388.78 | 4,773.69 | 6,699.08 | 8,083.99 | 10,009.38 | 11,394.29 | 13,319.68 |
| Camarilla | 7,714.14 | 8,017.58 | 8,321.03 | 8,624.47 | 8,927.91 | 9,231.36 | 9,534.80 |
| Woodie | 3,659.02 | 4,908.81 | 6,969.32 | 8,219.11 | 10,279.62 | 11,529.41 | 13,589.92 |
| Fibonacci | 4,773.69 | 6,038.23 | 6,819.46 | 8,083.99 | 9,348.53 | 10,129.76 | 11,394.29 |
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): | 49.02 | |
| MACD (12,26,9): | 195.5300 | |
| Directional Movement: | -3.27 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 9,433.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,956.59 | |
| Elder Ray (13): | -372.11 | |
| Super Trend (3,10): | 8,476.04 | |
| Zig ZAG (10): | 8,885.67 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 36.72 | |
| TEMA (21): | 9,247.70 | |
| Williams %R (14): | -77.60 | |
| Chande Momentum Oscillator (20): | -445.21 | |
| Repulse (5,40,3): | -3.3800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.6200 | |
| Courbe Coppock: | 0.66 |
| MA7: | 9,187.38 | |
| MA20: | 9,307.55 | |
| MA50: | 8,271.74 | |
| MA100: | 7,927.00 | |
| MAexp7: | 9,096.43 | |
| MAexp20: | 9,086.40 | |
| MAexp50: | 8,545.92 | |
| MAexp100: | 8,249.14 | |
| Price / MA7: | -2.83% | |
| Price / MA20: | -4.08% | |
| Price / MA50: | +7.93% | |
| Price / MA100: | +12.62% | |
| Price / MAexp7: | -1.86% | |
| Price / MAexp20: | -1.75% | |
| Price / MAexp50: | +4.46% | |
| Price / MAexp100: | +8.22% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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