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 01/17/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

33%

22%

44%

My opinion

Bullish above 32,998.23 USD

My targets

40,672.60 USD (+10.90%)

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.

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

Force

6.4

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

Additional analysis

Quotes

The BITCOIN - BTC/USD rating is 36,675.63 USD. The price has increased by +1.85% since the last closing and was traded between 33,852.54 USD and 36,714.98 USD over the period. The price is currently at +8.34% from its lowest and -0.11% from its highest.

33,852.54

36,714.98

36,675.63

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

Bullish opening

Type : Bullish

Timeframe : Openning

Bearish opening

Type : Bearish

Timeframe : Openning

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

Technical

A technical analysis in Daily 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 market scanner currently does not detect any result that concerns moving averages.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	12,932.90	19,345.50	22,728.60	36,675.63	40,672.60
Change (%)	-64.74%	-47.25%	-38.03%	-	+10.90%
Change	-23,742.73	-17,330.13	-13,947.03	-	+3,996.97
Level	Major	Major	Minor	-	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32,314.20	33,828.20	34,919.50	36,433.50	37,524.80	39,038.80	40,130.10
Camarilla	35,294.34	35,533.16	35,771.98	36,010.80	36,249.62	36,488.44	36,727.26
Woodie	32,102.85	33,722.53	34,708.15	36,327.83	37,313.45	38,933.13	39,918.75
Fibonacci	33,828.20	34,823.43	35,438.28	36,433.50	37,428.73	38,043.58	39,038.80

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19,087.63	24,647.67	30,329.23	35,889.27	41,570.83	47,130.87	52,812.44
Camarilla	32,919.36	33,949.84	34,980.32	36,010.80	37,041.28	38,071.76	39,102.24
Woodie	19,148.40	24,678.05	30,390.00	35,919.65	41,631.60	47,161.25	52,873.21
Fibonacci	24,647.67	28,941.96	31,594.98	35,889.27	40,183.56	42,836.58	47,130.87

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9,521.43	13,551.47	21,259.83	25,289.87	32,998.23	37,028.27	44,736.63
Camarilla	25,740.14	26,816.16	27,892.18	28,968.20	30,044.22	31,120.24	32,196.26
Woodie	11,360.60	14,471.05	23,099.00	26,209.45	34,837.40	37,947.85	46,575.80
Fibonacci	13,551.47	18,035.53	20,805.80	25,289.87	29,773.93	32,544.20	37,028.27

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):	60.54
MACD (12,26,9):	3,156.2200
Directional Movement:	0.45
AROON (14):	28.57
DEMA (21):	38,798.21
Parabolic SAR (0,02-0,02-0,2):	40,643.19
Elder Ray (13):	-643.38
Super Trend (3,10):	31,182.48
Zig ZAG (10):	36,604.39
VORTEX (21):	1.1000
Stochastique (14,3,5):	61.01
TEMA (21):	39,009.23
Williams %R (14):	-44.01
Chande Momentum Oscillator (20):	1,744.65
Repulse (5,40,3):	-0.2800
ROCnROLL:	-1
TRIX (15,9):	1.9300
Courbe Coppock:	39.06

MA7:	36,402.50
MA20:	34,843.57
MA50:	26,621.10
MA100:	20,655.87
MAexp7:	36,595.69
MAexp20:	34,349.97
MAexp50:	28,506.64
MAexp100:	23,128.92
Price / MA7:	+0.75%
Price / MA20:	+5.26%
Price / MA50:	+37.77%
Price / MA100:	+77.56%
Price / MAexp7:	+0.22%
Price / MAexp20:	+6.77%
Price / MAexp50:	+28.66%
Price / MAexp100:	+58.57%

Quotes : 2021-01-17 21:29:37 - Real time data - Cryptocompare

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

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