BITCOIN - BTC/USD
BITCOIN - BTC/USD
- USD (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: BTCUSD
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BITCOIN - BTC/USD - Daily - Technical analysis published on 01/16/2021 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 32,998.23 USD
My targets
40,672.60 USD (+9.38%)
My analysis
The bullish trend is currently very strong on BITCOIN - BTC/USD. As long as the price remains above the support at 32,998.23 USD, you could try to benefit from the boom. The first bullish objective is located at 40,672.60 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
0
10
7

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 apjha. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The BITCOIN - BTC/USD price is 37,184.20 USD. The price has increased by +1.08% since the last closing and was traded between 35,557.00 USD and 37,947.50 USD over the period. The price is currently at +4.58% from its lowest and -2.01% from its highest.

35,557.00
37,947.50
37,184.20

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

Central Gaps

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 result:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of BITCOIN - BTC/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily



Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Daily



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 12,932.90 19,345.50 22,728.60 37,184.20 40,672.60
Change (%) -65.22% -47.97% -38.88% - +9.38%
Change -24,251.30 -17,838.70 -14,455.60 - +3,488.40
Level Major Major Minor - Major



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
Standard28,880.4831,625.7434,205.8236,951.0839,531.1642,276.4244,856.50
Camarilla35,321.4335,809.5936,297.7436,785.9037,274.0537,762.2138,250.37
Woodie28,797.8931,584.4434,123.2336,909.7839,448.5742,235.1344,773.91
Fibonacci31,625.7433,660.0234,916.8036,951.0838,985.3640,242.1442,276.42


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17,289.8922,575.6431,416.4836,702.2445,543.0850,828.8459,669.69
Camarilla36,372.5137,667.4538,962.3940,257.3341,552.2742,847.2144,142.14
Woodie19,067.4323,464.4133,194.0337,591.0247,320.6351,717.6161,447.23
Fibonacci22,575.6427,972.0031,305.8836,702.2442,098.6045,432.4850,828.84


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9,521.4313,551.4721,259.8325,289.8732,998.2337,028.2744,736.63
Camarilla25,740.1426,816.1627,892.1828,968.2030,044.2231,120.2432,196.26
Woodie11,360.6014,471.0523,099.0026,209.4534,837.4037,947.8546,575.80
Fibonacci13,551.4718,035.5320,805.8025,289.8729,773.9332,544.2037,028.27

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): 62.81
MACD (12,26,9): 3,471.0000
Directional Movement: 2.89
AROON (14): 28.57
DEMA (21): 39,012.54
Parabolic SAR (0,02-0,02-0,2): 40,856.16
Elder Ray (13): 745.54
Super Trend (3,10): 31,182.48
Zig ZAG (10): 37,300.00
VORTEX (21): 1.1400
Stochastique (14,3,5): 69.79
TEMA (21): 39,485.19
Williams %R (14): -34.05
Chande Momentum Oscillator (20): 5,082.70
Repulse (5,40,3): 4.3100
ROCnROLL: 1
TRIX (15,9): 2.0400
Courbe Coppock: 51.12
MA7: 36,877.46
MA20: 34,444.17
MA50: 26,274.40
MA100: 20,415.62
MAexp7: 37,081.21
MAexp20: 34,252.36
MAexp50: 28,230.39
MAexp100: 22,887.38
Price / MA7: +0.83%
Price / MA20: +7.95%
Price / MA50: +41.52%
Price / MA100: +82.14%
Price / MAexp7: +0.28%
Price / MAexp20: +8.56%
Price / MAexp50: +31.72%
Price / MAexp100: +62.47%

Quotes : 2021-01-16 16:26:06 - Real time data - Cryptocompare

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

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