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
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This analysis was given by lokisynz1. Take part yourself by sharing additional analysis on another time unit:
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.
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:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
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:
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 | 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 |
---|---|---|---|---|---|---|---|
Standard | 8,388.75 | 8,545.87 | 8,693.97 | 8,851.09 | 8,999.19 | 9,156.31 | 9,304.41 |
Camarilla | 8,758.12 | 8,786.10 | 8,814.08 | 8,842.06 | 8,870.04 | 8,898.02 | 8,926.00 |
Woodie | 8,384.23 | 8,543.62 | 8,689.45 | 8,848.83 | 8,994.67 | 9,154.06 | 9,299.89 |
Fibonacci | 8,545.87 | 8,662.47 | 8,734.50 | 8,851.09 | 8,967.69 | 9,039.72 | 9,156.31 |
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 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
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Real time data
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Cryptocompare
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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