BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - Weekly - Technical analysis published on 11/25/2020 (GMT)

Timeframe : Weekly
- Analysis generated on
Status : WITHOUT TARGET

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

94%

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

9.1

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

Additional analysis

Quotes

The BITCOIN - BTC/USD rating is 18,865.12 USD. The price registered an increase of +5.84% over 5 days and has been traded over the last 5 days between 17,617.00 USD and 18,979.80 USD. This implies that the 5 day price is +7.08% from its lowest point and -0.60% from its highest point.

17,617.00

18,979.80

18,865.12

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

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 results:

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

A technical analysis in Weekly of this BITCOIN - BTC/USD chart shows a strongly 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Weekly

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : Weekly

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	6,621.77	10,371.20	12,932.90	18,865.12	19,345.50
Change (%)	-64.90%	-45.02%	-31.45%	-	+2.55%
Change	-12,243.35	-8,493.92	-5,932.22	-	+480.38
Level	Minor	Major	Major	-	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	84.53
MACD (12,26,9):	2,022.0100
Directional Movement:	37.99
AROON (14):	78.57
DEMA (21):	15,410.62
Parabolic SAR (0,02-0,02-0,2):	14,050.85
Elder Ray (13):	4,334.18
Super Trend (3,10):	13,950.64
Zig ZAG (10):	18,975.04
VORTEX (21):	1.3200
Stochastique (14,3,5):	95.10
TEMA (21):	16,730.28
Williams %R (14):	-6.32
Chande Momentum Oscillator (20):	8,758.25
Repulse (5,40,3):	25.9700
ROCnROLL:	1
TRIX (15,9):	1.7800
Courbe Coppock:	83.70

MA7:	18,581.69
MA20:	16,968.11
MA50:	14,308.00
MA100:	12,612.61
MAexp7:	15,872.80
MAexp20:	13,092.54
MAexp50:	10,893.53
MAexp100:	9,351.98
Price / MA7:	+1.53%
Price / MA20:	+11.18%
Price / MA50:	+31.85%
Price / MA100:	+49.57%
Price / MAexp7:	+18.85%
Price / MAexp20:	+44.09%
Price / MAexp50:	+73.18%
Price / MAexp100:	+101.72%

Quotes : 2020-11-25 22:05:25 - Real time data - Cryptocompare

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

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