BITCOIN - BTC/USD
BITCOIN - BTC/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
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Type: Cryptocurrencies
Ticker: BTCUSD
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BITCOIN - BTC/USD - Daily - Technical analysis published on 05/26/2020 (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
17%
44%
39%
My opinion
Neutral between 8,397.92 USD and 9,156.30 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on BITCOIN - BTC/USD. It is difficult to advise a trading direction under these conditions. The first resistance is located at 9,156.30 USD. The first support is located at 8,397.92 USD. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bearish and could soon allow change to a bearish sentiment.

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:
15 min. 1H Weekly

Additional analysis

Quotes

BITCOIN - BTC/USD rating 8,881.17 USD. The price registered a decrease of -0.15% on the session and was traded between 8,830.31 USD and 9,008.22 USD over the period. The price is currently at +0.58% from its lowest and -1.41% from its highest.

8,830.31
9,008.22
8,881.17

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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

Technical


Technical analysis of this Daily chart of BITCOIN - BTC/USD indicates that the overall trend is slightly bullish. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily



The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

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



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5,875.21 6,617.29 8,397.92 8,881.17 9,156.30 10,371.20 12,932.90
Change (%) -33.85% -25.49% -5.44% - +3.10% +16.78% +45.62%
Change -3,005.96 -2,263.88 -483.25 - +275.13 +1,490.03 +4,051.73
Level Major Intermediate Intermediate - 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
Standard8,409.878,539.148,716.728,845.999,023.579,152.849,330.42
Camarilla8,809.918,838.038,866.168,894.298,922.428,950.558,978.67
Woodie8,434.028,551.228,740.878,858.079,047.729,164.929,354.56
Fibonacci8,539.148,656.368,728.788,845.998,963.219,035.639,152.84


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7,510.008,155.288,666.029,311.309,822.0410,467.3210,978.06
Camarilla8,858.858,964.819,070.789,176.759,282.729,388.699,494.66
Woodie7,442.728,121.658,598.749,277.679,754.7610,433.6810,910.78
Fibonacci8,155.288,596.888,869.709,311.309,752.9010,025.7210,467.32


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3,388.784,773.696,699.088,083.9910,009.3811,394.2913,319.68
Camarilla7,714.148,017.588,321.038,624.478,927.919,231.369,534.80
Woodie3,659.024,908.816,969.328,219.1110,279.6211,529.4113,589.92
Fibonacci4,773.696,038.236,819.468,083.999,348.5310,129.7611,394.29

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): 50.11
MACD (12,26,9): 165.0600
Directional Movement: -2.66
AROON (14): 42.86
DEMA (21): 9,384.18
Parabolic SAR (0,02-0,02-0,2): 9,930.83
Elder Ray (13): -215.82
Super Trend (3,10): 8,476.04
Zig ZAG (10): 8,954.05
VORTEX (21): 1.0000
Stochastique (14,3,5): 25.45
TEMA (21): 9,177.06
Williams %R (14): -77.71
Chande Momentum Oscillator (20): -838.65
Repulse (5,40,3): -1.3400
ROCnROLL: -1
TRIX (15,9): 0.5500
Courbe Coppock: 1.46
MA7: 9,070.53
MA20: 9,294.66
MA50: 8,304.01
MA100: 7,917.43
MAexp7: 9,062.89
MAexp20: 9,074.69
MAexp50: 8,562.30
MAexp100: 8,263.02
Price / MA7: -2.09%
Price / MA20: -4.45%
Price / MA50: +6.95%
Price / MA100: +12.17%
Price / MAexp7: -2.01%
Price / MAexp20: -2.13%
Price / MAexp50: +3.72%
Price / MAexp100: +7.48%

This member declared not having a position on this financial instrument or a related financial instrument.

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