BITCOIN - BTC/USD
BITCOIN - BTC/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: BTCUSD
ISIN:

BITCOIN - BTC/USD - Daily - Technical analysis published on 05/27/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Bullish
De fond: Bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 8,397.92 USD
My targets
10,371.20 USD (+13.41%)
11,394.29 USD (+24.60%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on BITCOIN - BTC/USD as long as the price remains well above 8,397.92 USD. The buyers” bullish objective is set at 10,371.20 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11,394.29 USD. If there is any crossing, the next objective would be the resistance located at 12,932.90 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
3.6

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

The BITCOIN - BTC/USD rating is 9,145.03 USD. The price has increased by +3.43% since the last closing and was between 8,811.66 USD and 9,187.72 USD. This implies that the price is at +3.78% from its lowest and at -0.46% from its highest.

8,811.66
9,187.72
9,145.03

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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

Technical


Technical analysis of BITCOIN - BTC/USD in Daily shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

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 9,145.03 9,156.30 10,371.20 12,932.90
Change (%) -35.76% -27.64% -8.17% - +0.12% +13.41% +41.42%
Change -3,269.82 -2,527.74 -747.11 - +11.27 +1,226.17 +3,787.87
Level Major Intermediate Intermediate - Minor Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8,388.758,545.878,693.978,851.098,999.199,156.319,304.41
Camarilla8,758.128,786.108,814.088,842.068,870.048,898.028,926.00
Woodie8,384.238,543.628,689.458,848.838,994.679,154.069,299.89
Fibonacci8,545.878,662.478,734.508,851.098,967.699,039.729,156.31


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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 53.23
MACD (12,26,9): 148.0400
Directional Movement: 0.22
AROON (14): -50.00
DEMA (21): 9,352.38
Parabolic SAR (0,02-0,02-0,2): 9,905.58
Elder Ray (13): -122.73
Super Trend (3,10): 8,476.04
Zig ZAG (10): 9,136.63
VORTEX (21): 0.9900
Stochastique (14,3,5): 24.50
TEMA (21): 9,137.00
Williams %R (14): -63.05
Chande Momentum Oscillator (20): -166.07
Repulse (5,40,3): 2.4100
ROCnROLL: 1
TRIX (15,9): 0.4900
Courbe Coppock: 2.92
MA7: 9,001.01
MA20: 9,250.45
MA50: 8,341.04
MA100: 7,910.86
MAexp7: 9,060.55
MAexp20: 9,073.02
MAexp50: 8,581.43
MAexp100: 8,278.31
Price / MA7: +1.60%
Price / MA20: -1.14%
Price / MA50: +9.64%
Price / MA100: +15.60%
Price / MAexp7: +0.93%
Price / MAexp20: +0.79%
Price / MAexp50: +6.57%
Price / MAexp100: +10.47%

Quotes : 2020-05-27 14:22:20 - Real time data - Cryptocompare

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

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