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 10/05/2020 (GMT)

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Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Bullish

De fond: Slightly bullish

Technical indicators

67%

33%

My opinion

Bullish above 10,371.20 USD

My targets

11,504.60 USD (+6.84%)

12,303.60 USD (+14.27%)

My analysis

The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade BITCOIN - BTC/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 10,371.20 USD. The buyers” bullish objective is set at 11,504.60 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12,303.60 USD. If there is any crossing, the next objective would be the resistance located at 12,932.90 USD. If there is a bearish break in the support located at 10,371.20 USD some indecision would arise.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.3

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

Additional analysis

Quotes

The BITCOIN - BTC/USD rating is 10,767.60 USD. The price registered an increase of +0.90% on the session with the lowest point at 10,622.04 USD and the highest point at 10,774.47 USD. The deviation from the price is +1.37% for the low point and -0.06% for the high point.

10,622.04

10,774.47

10,767.60

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

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BITCOIN - BTC/USD in Daily shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

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:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	7,367.90	9,002.75	10,371.20	10,767.60	11,504.60	12,303.60	12,932.90
Change (%)	-31.57%	-16.39%	-3.68%	-	+6.84%	+14.27%	+20.11%
Change	-3,399.70	-1,764.85	-396.40	-	+737.00	+1,536.00	+2,165.30
Level	Minor	Intermediate	Major	-	Intermediate	Minor	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	10,391.12	10,457.31	10,564.22	10,630.41	10,737.32	10,803.51	10,910.42
Camarilla	10,623.54	10,639.41	10,655.27	10,671.14	10,687.01	10,702.87	10,718.74
Woodie	10,411.49	10,467.49	10,584.59	10,640.59	10,757.69	10,813.69	10,930.79
Fibonacci	10,457.31	10,523.43	10,564.28	10,630.41	10,696.53	10,737.38	10,803.51

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9,703.58	10,033.74	10,292.28	10,622.44	10,880.98	11,211.14	11,469.68
Camarilla	10,388.93	10,442.89	10,496.86	10,550.82	10,604.78	10,658.75	10,712.71
Woodie	9,667.77	10,015.84	10,256.47	10,604.54	10,845.17	11,193.23	11,433.87
Fibonacci	10,033.74	10,258.62	10,397.56	10,622.44	10,847.32	10,986.26	11,211.14

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7,533.72	8,697.37	9,736.49	10,900.14	11,939.26	13,102.91	14,142.03
Camarilla	10,169.84	10,371.76	10,573.68	10,775.60	10,977.52	11,179.44	11,381.36
Woodie	7,471.45	8,666.24	9,674.22	10,869.01	11,876.98	13,071.78	14,079.75
Fibonacci	8,697.37	9,538.83	10,058.69	10,900.14	11,741.60	12,261.46	13,102.91

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):	50.50
MACD (12,26,9):	-42.8400
Directional Movement:	-3.25
AROON (14):	-14.29
DEMA (21):	10,623.54
Parabolic SAR (0,02-0,02-0,2):	10,950.99
Elder Ray (13):	19.31
Super Trend (3,10):	11,472.15
Zig ZAG (10):	10,743.73
VORTEX (21):	1.0600
Stochastique (14,3,5):	60.50
TEMA (21):	10,659.85
Williams %R (14):	-24.82
Chande Momentum Oscillator (20):	514.87
Repulse (5,40,3):	2.0300
ROCnROLL:	1
TRIX (15,9):	-0.0900
Courbe Coppock:	1.00

MA7:	10,684.25
MA20:	10,721.79
MA50:	10,950.35
MA100:	10,586.07
MAexp7:	10,678.19
MAexp20:	10,696.80
MAexp50:	10,755.92
MAexp100:	10,504.78
Price / MA7:	+0.78%
Price / MA20:	+0.43%
Price / MA50:	-1.67%
Price / MA100:	+1.71%
Price / MAexp7:	+0.84%
Price / MAexp20:	+0.66%
Price / MAexp50:	+0.11%
Price / MAexp100:	+2.50%

Quotes : 2020-10-05 22:26:05 - Real time data - Cryptocompare

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

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