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 08/01/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 10,371.20 USD
My targets
12,932.90 USD (+11.76%)
14,760.40 USD (+27.55%)
My analysis
BITCOIN - BTC/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 10,371.20 USD. The next resistance located at 12,932.90 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 14,760.40 USD. After this resistance, buyers could then target 19,345.50 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9

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 11,572.43 USD. On the day, this instrument gained +1.95% and was traded between 11,239.40 USD and 11,736.22 USD over the period. The price is currently at +2.96% from its lowest and -1.40% from its highest.

11,239.40
11,736.22
11,572.43

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:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this BITCOIN - BTC/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

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 2

Type : Neutral

Timeframe : Daily


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily


Resistance of channel is broken

Type : Bullish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 7,367.90 9,149.89 10,371.20 11,572.43 12,932.90 19,345.50
Change (%) -36.33% -20.93% -10.38% - +11.76% +67.17%
Change -4,204.53 -2,422.54 -1,201.23 - +1,360.47 +7,773.07
Level Minor Major Major - Intermediate Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10,581.4810,778.5511,065.1111,262.1811,548.7411,745.8112,032.37
Camarilla11,218.6811,263.0111,307.3511,351.6811,396.0111,440.3511,484.68
Woodie10,626.2410,800.9211,109.8711,284.5511,593.5011,768.1812,077.12
Fibonacci10,778.5510,963.2911,077.4311,262.1811,446.9211,561.0611,745.81


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8,663.198,886.649,299.159,522.609,935.1110,158.5610,571.07
Camarilla9,536.779,595.079,653.369,711.669,769.969,828.259,886.55
Woodie8,757.728,933.919,393.689,569.8710,029.6410,205.8310,665.60
Fibonacci8,886.649,129.589,279.669,522.609,765.549,915.6210,158.56


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7,171.458,050.529,701.1010,580.1712,230.7513,109.8214,760.40
Camarilla10,656.0310,887.9111,119.8011,351.6811,583.5611,815.4512,047.33
Woodie7,557.208,243.4010,086.8610,773.0512,616.5113,302.7015,146.16
Fibonacci8,050.529,016.859,613.8410,580.1711,546.5012,143.4913,109.82

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): 84.02
MACD (12,26,9): 540.9900
Directional Movement: 38.04
AROON (14): 92.86
DEMA (21): 10,833.48
Parabolic SAR (0,02-0,02-0,2): 10,245.76
Elder Ray (13): 944.86
Super Trend (3,10): 10,282.02
Zig ZAG (10): 11,573.77
VORTEX (21): 1.3000
Stochastique (14,3,5): 92.26
TEMA (21): 11,265.27
Williams %R (14): -6.22
Chande Momentum Oscillator (20): 2,409.21
Repulse (5,40,3): 6.7900
ROCnROLL: 1
TRIX (15,9): 0.4800
Courbe Coppock: 38.11
MA7: 11,009.91
MA20: 9,919.57
MA50: 9,541.41
MA100: 9,361.81
MAexp7: 10,986.84
MAexp20: 10,230.13
MAexp50: 9,704.51
MAexp100: 9,281.95
Price / MA7: +5.11%
Price / MA20: +16.66%
Price / MA50: +21.29%
Price / MA100: +23.61%
Price / MAexp7: +5.33%
Price / MAexp20: +13.12%
Price / MAexp50: +19.25%
Price / MAexp100: +24.68%

Quotes : 2020-08-01 14:47:24 - Real time data - Cryptocompare

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

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