BITCOIN - BTC/USD - Daily - Technical analysis published on 05/26/2020 (GMT)
- Who voted?
- 199
- 0
- 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.
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This analysis was given by lokisynz1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 8,881.17 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.
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:
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:
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 8,409.87 | 8,539.14 | 8,716.72 | 8,845.99 | 9,023.57 | 9,152.84 | 9,330.42 |
Camarilla | 8,809.91 | 8,838.03 | 8,866.16 | 8,894.29 | 8,922.42 | 8,950.55 | 8,978.67 |
Woodie | 8,434.02 | 8,551.22 | 8,740.87 | 8,858.07 | 9,047.72 | 9,164.92 | 9,354.56 |
Fibonacci | 8,539.14 | 8,656.36 | 8,728.78 | 8,845.99 | 8,963.21 | 9,035.63 | 9,152.84 |
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 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.
About author
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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