BITCOIN - BTC/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTCUSD
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BITCOIN - BTC/USD - Daily - Technical analysis published on 08/05/2020 (GMT)

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Londinia

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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

61%

33%

My opinion

Bullish above 10,371.20 USD

My targets

12,932.90 USD (+10.58%)

19,345.50 USD (+65.41%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BITCOIN - BTC/USD as long as the price remains well above 10,371.20 USD. The buyers” bullish objective is set at 12,932.90 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 19,345.50 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

7.9

Comment on the analysis

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 AKOUSA. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN - BTC/USD price is 11,695.21 USD. The price has increased by +4.45% since the last closing and was between 11,118.04 USD and 11,732.12 USD. This implies that the price is at +5.19% from its lowest and at -0.31% from its highest.

11,118.04

11,732.12

11,695.21

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BITCOIN - BTC/USD in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	8,397.92	9,149.89	10,371.20	11,695.21	12,932.90	19,345.50
Change (%)	-28.19%	-21.76%	-11.32%	-	+10.58%	+65.41%
Change	-3,297.29	-2,545.32	-1,324.01	-	+1,237.69	+7,650.29
Level	Minor	Major	Major	-	Intermediate	Major

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	6,923.63	7,015.02	7,170.27	7,261.66	7,416.91	7,508.30	7,663.55
Camarilla	7,257.69	7,280.30	7,302.91	7,325.52	7,348.13	7,370.74	7,393.35
Woodie	6,955.56	7,030.99	7,202.20	7,277.63	7,448.84	7,524.27	7,695.48
Fibonacci	7,015.02	7,109.24	7,167.44	7,261.66	7,355.88	7,414.08	7,508.30

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	205.38	215.22	223.16	233.00	240.94	250.78	258.72
Camarilla	226.22	227.85	229.48	231.11	232.74	234.37	236.00
Woodie	204.44	214.75	222.22	232.53	240.00	250.31	257.78
Fibonacci	215.22	222.01	226.21	233.00	239.79	243.99	250.78

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9,504.35	8,305.38	9,750.99	8,552.02	9,997.63	8,798.66	10,244.27
Camarilla	11,128.77	11,151.38	11,173.99	11,196.60	11,219.21	11,241.82	11,264.43
Woodie	10,826.64	8,966.53	11,073.28	9,213.17	11,319.92	9,459.81	11,566.56
Fibonacci	8,305.38	8,399.60	8,457.80	8,552.02	8,646.24	8,704.44	8,798.66

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):	57.70
MACD (12,26,9):	318.5100
Directional Movement:	12.72
AROON (14):	-21.43
DEMA (21):	10,771.52
Parabolic SAR (0,02-0,02-0,2):	12,013.55
Elder Ray (13):	1,001.69
Super Trend (3,10):	7,878.73
Zig ZAG (10):	11,695.86
VORTEX (21):	1.1100
Stochastique (14,3,5):	54.37
TEMA (21):	10,887.26
Williams %R (14):	-8.67
Chande Momentum Oscillator (20):	1,973.01
Repulse (5,40,3):	5.0500
ROCnROLL:	1
TRIX (15,9):	0.5900
Courbe Coppock:	26.51

MA7:	10,813.13
MA20:	10,260.08
MA50:	9,652.91
MA100:	9,506.51
MAexp7:	10,551.70
MAexp20:	10,334.21
MAexp50:	9,854.00
MAexp100:	9,399.48
Price / MA7:	+8.16%
Price / MA20:	+13.99%
Price / MA50:	+21.16%
Price / MA100:	+23.02%
Price / MAexp7:	+10.84%
Price / MAexp20:	+13.17%
Price / MAexp50:	+18.68%
Price / MAexp100:	+24.42%

Quotes : 2020-08-05 19:32:41 - Real time data - Cryptocompare

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

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