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 11/25/2020 (GMT)

Timeframe : Daily
- Analysis generated on
Status : WITHOUT TARGET

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 16,467.83 USD

My targets

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 16,467.83 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

8.8

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 19,312.58 USD. The price has increased by +0.73% since the last closing with the lowest point at 18,648.40 USD and the highest point at 19,507.39 USD. The deviation from the price is +3.56% for the low point and -1.00% for the high point.

18,648.40

19,507.39

19,312.58

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

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:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

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

Technical analysis of BITCOIN - BTC/USD in Daily shows a strongly overall 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.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

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:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	12,303.60	12,932.90	15,607.60	19,312.58	19,345.50
Change (%)	-36.29%	-33.03%	-19.18%	-	+0.17%
Change	-7,008.98	-6,379.68	-3,704.98	-	+32.92
Level	Minor	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
Standard	16,966.78	17,516.65	18,344.43	18,894.29	19,722.07	20,271.93	21,099.71
Camarilla	18,793.35	18,919.63	19,045.92	19,172.20	19,298.48	19,424.77	19,551.05
Woodie	17,105.74	17,586.13	18,483.38	18,963.77	19,861.02	20,341.41	21,238.66
Fibonacci	17,516.65	18,042.91	18,368.03	18,894.29	19,420.55	19,745.68	20,271.93

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13,487.27	14,641.73	16,670.87	17,825.33	19,854.47	21,008.93	23,038.07
Camarilla	17,824.51	18,116.34	18,408.17	18,700.00	18,991.83	19,283.66	19,575.49
Woodie	13,924.60	14,860.40	17,108.20	18,044.00	20,291.80	21,227.60	23,475.40
Fibonacci	14,641.73	15,857.87	16,609.20	17,825.33	19,041.47	19,792.80	21,008.93

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7,707.77	9,035.83	11,423.77	12,751.83	15,139.77	16,467.83	18,855.77
Camarilla	12,789.80	13,130.43	13,471.07	13,811.70	14,152.33	14,492.97	14,833.60
Woodie	8,237.70	9,300.80	11,953.70	13,016.80	15,669.70	16,732.80	19,385.70
Fibonacci	9,035.83	10,455.35	11,332.32	12,751.83	14,171.35	15,048.32	16,467.83

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	82.32
MACD (12,26,9):	1,387.6400
Directional Movement:	23.04
AROON (14):	100.00
DEMA (21):	18,936.12
Parabolic SAR (0,02-0,02-0,2):	17,982.46
Elder Ray (13):	1,207.30
Super Trend (3,10):	16,382.25
Zig ZAG (10):	19,270.89
VORTEX (21):	1.2600
Stochastique (14,3,5):	90.96
TEMA (21):	19,358.12
Williams %R (14):	-5.51
Chande Momentum Oscillator (20):	2,941.22
Repulse (5,40,3):	7.0100
ROCnROLL:	1
TRIX (15,9):	1.2600
Courbe Coppock:	39.70

MA7:	18,638.11
MA20:	16,985.12
MA50:	14,314.02
MA100:	12,615.77
MAexp7:	18,561.98
MAexp20:	17,142.80
MAexp50:	15,042.20
MAexp100:	13,347.23
Price / MA7:	+3.62%
Price / MA20:	+13.70%
Price / MA50:	+34.92%
Price / MA100:	+53.08%
Price / MAexp7:	+4.04%
Price / MAexp20:	+12.66%
Price / MAexp50:	+28.39%
Price / MAexp100:	+44.69%

Quotes : 2020-11-25 15:38:15 - Real time data - Cryptocompare

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

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