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

39%

22%

39%

My opinion

Bullish above 15,607.60 USD

My targets

18,855.77 USD (+15.51%)

19,345.50 USD (+18.51%)

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 18,855.77 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 19,345.50 USD as an objective. 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.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

3.8

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

Additional analysis

Quotes

BITCOIN - BTC/USD rating 16,323.80 USD. On the day, this instrument lost -12.87% with the lowest point at 16,222.00 USD and the highest point at 18,913.22 USD. The deviation from the price is +0.63% for the low point and -13.69% for the high point.

16,222.00

18,913.22

16,323.80

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 Central Records scanner for higher/lower results shows the following items:

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. 75.00% 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, 7 are bullish, 7 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

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

Pivot points : price is under support 3

Type : Neutral

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 bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	12,303.60	12,932.90	15,607.60	16,323.80	19,345.50
Change (%)	-24.63%	-20.77%	-4.39%	-	+18.51%
Change	-4,020.20	-3,390.90	-716.20	-	+3,021.70
Level	Minor	Major	Intermediate	-	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	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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	51.69
MACD (12,26,9):	1,146.1200
Directional Movement:	1.80
AROON (14):	92.86
DEMA (21):	18,617.25
Parabolic SAR (0,02-0,02-0,2):	19,507.39
Elder Ray (13):	-56.17
Super Trend (3,10):	16,268.23
Zig ZAG (10):	16,601.60
VORTEX (21):	1.1000
Stochastique (14,3,5):	65.34
TEMA (21):	18,764.54
Williams %R (14):	-76.49
Chande Momentum Oscillator (20):	519.20
Repulse (5,40,3):	-15.1400
ROCnROLL:	-1
TRIX (15,9):	1.2200
Courbe Coppock:	32.52

MA7:	18,365.25
MA20:	17,010.62
MA50:	14,423.08
MA100:	12,657.58
MAexp7:	17,933.50
MAexp20:	17,053.17
MAexp50:	15,085.87
MAexp100:	13,404.34
Price / MA7:	-11.12%
Price / MA20:	-4.04%
Price / MA50:	+13.18%
Price / MA100:	+28.96%
Price / MAexp7:	-8.98%
Price / MAexp20:	-4.28%
Price / MAexp50:	+8.21%
Price / MAexp100:	+21.78%

Quotes : 2020-11-26 19:29:01 - Real time data - Cryptocompare

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

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