BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - Daily - Technical analysis published on 11/26/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Neutral

De fond: Bullish

Technical indicators

44%

22%

33%

My opinion

Bullish above 15,607.60 USD

My targets

19,345.50 USD (+13.92%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BITCOIN - BTC/USD. As long as you are above the support located at 15,607.60 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 19,345.50 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 15,607.60 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

4.6

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 16,981.10 USD. The price is lower by -9.37% since the last closing and was traded between 16,328.21 USD and 18,913.22 USD over the period. The price is currently at +4.00% from its lowest and -10.22% from its highest.

16,328.21

18,913.22

16,981.10

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

A study of price movements over other periods shows the following variations:

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

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of BITCOIN - BTC/USD indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

On the 18 technical indicators analysed, 8 are bullish, 6 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

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:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	12,303.60	12,932.90	15,607.60	16,981.10	19,345.50
Change (%)	-27.55%	-23.84%	-8.09%	-	+13.92%
Change	-4,677.50	-4,048.20	-1,373.50	-	+2,364.40
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	17,323.66	17,914.77	18,325.18	18,916.29	19,326.70	19,917.81	20,328.23
Camarilla	18,460.18	18,551.99	18,643.79	18,735.60	18,827.41	18,919.21	19,011.02
Woodie	17,233.32	17,869.59	18,234.84	18,871.11	19,236.36	19,872.64	20,237.88
Fibonacci	17,914.77	18,297.35	18,533.71	18,916.29	19,298.87	19,535.23	19,917.81

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	56.86
MACD (12,26,9):	1,194.1100
Directional Movement:	2.59
AROON (14):	92.86
DEMA (21):	18,713.94
Parabolic SAR (0,02-0,02-0,2):	19,507.39
Elder Ray (13):	-80.79
Super Trend (3,10):	16,268.23
Zig ZAG (10):	17,088.70
VORTEX (21):	1.1100
Stochastique (14,3,5):	69.51
TEMA (21):	18,834.00
Williams %R (14):	-65.80
Chande Momentum Oscillator (20):	891.60
Repulse (5,40,3):	-10.3100
ROCnROLL:	-1
TRIX (15,9):	1.2300
Courbe Coppock:	33.40

MA7:	18,486.67
MA20:	17,038.76
MA50:	14,433.86
MA100:	12,663.10
MAexp7:	18,146.67
MAexp20:	17,106.43
MAexp50:	15,109.78
MAexp100:	13,415.99
Price / MA7:	-8.14%
Price / MA20:	-0.34%
Price / MA50:	+17.65%
Price / MA100:	+34.10%
Price / MAexp7:	-6.42%
Price / MAexp20:	-0.73%
Price / MAexp50:	+12.38%
Price / MAexp100:	+26.57%

Quotes : 2020-11-26 14:12:57 - Real time data - Cryptocompare

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

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