BITCOIN - BTC/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - Daily - Technical analysis published on 02/28/2021 (GMT)

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Londinia

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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

50%

My opinion

Bullish above 40,672.60 USD

My targets

48,454.87 USD (+6.64%)

57,489.20 USD (+26.52%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 40,672.60 USD remains possible. It is advisable to trade BITCOIN - BTC/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 40,672.60 USD. The next bullish objective for buyers is set at 48,454.87 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 57,489.20 USD. PS: if there is a bearish break in the support located at 40,672.60 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

0.9

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

Additional analysis

Quotes

The BITCOIN - BTC/USD rating is 45,437.72 USD. The price registered a decrease of -1.61% on the session and was traded between 43,811.59 USD and 46,654.40 USD over the period. The price is currently at +3.71% from its lowest and -2.61% from its highest.

43,811.59

46,654.40

45,437.72

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:

Technical

Technical analysis of BITCOIN - BTC/USD in Daily shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a slightly bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

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

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Doji

Type : Neutral

Timeframe : Daily

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	19,345.50	30,457.50	40,672.60	45,437.72	57,489.20
Change (%)	-57.42%	-32.97%	-10.49%	-	+26.52%
Change	-26,092.22	-14,980.22	-4,765.12	-	+12,051.48
Level	Major	Intermediate	Major	-	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	41,391.63	43,218.62	44,699.23	46,526.21	48,006.83	49,833.81	51,314.42
Camarilla	45,270.25	45,573.45	45,876.64	46,179.84	46,483.04	46,786.23	47,089.43
Woodie	41,218.44	43,132.02	44,526.04	46,439.62	47,833.64	49,747.22	51,141.24
Fibonacci	43,218.62	44,482.12	45,262.71	46,526.21	47,789.72	48,570.31	49,833.81

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26,540.79	35,343.34	40,761.59	49,564.15	54,982.39	63,784.94	69,203.19
Camarilla	42,269.12	43,572.69	44,876.27	46,179.84	47,483.41	48,786.99	50,090.56
Woodie	24,848.64	34,497.27	39,069.44	48,718.07	53,290.24	62,938.87	67,511.04
Fibonacci	35,343.34	40,775.69	44,131.80	49,564.15	54,996.49	58,352.60	63,784.94

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12,541.93	20,201.67	26,668.53	34,328.27	40,795.13	48,454.87	54,921.73
Camarilla	29,250.58	30,545.52	31,840.46	33,135.40	34,430.34	35,725.28	37,020.21
Woodie	11,945.50	19,903.45	26,072.10	34,030.05	40,198.70	48,156.65	54,325.30
Fibonacci	20,201.67	25,598.03	28,931.91	34,328.27	39,724.63	43,058.51	48,454.87

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):	47.56
MACD (12,26,9):	1,970.8700
Directional Movement:	-3.16
AROON (14):	-50.00
DEMA (21):	50,952.25
Parabolic SAR (0,02-0,02-0,2):	55,339.67
Elder Ray (13):	-3,234.41
Super Trend (3,10):	58,186.52
Zig ZAG (10):	45,307.25
VORTEX (21):	1.0700
Stochastique (14,3,5):	13.26
TEMA (21):	49,756.81
Williams %R (14):	-89.74
Chande Momentum Oscillator (20):	-3,857.55
Repulse (5,40,3):	-5.8300
ROCnROLL:	-1
TRIX (15,9):	1.2000
Courbe Coppock:	5.82

MA7:	48,252.89
MA20:	49,526.95
MA50:	41,132.11
MA100:	32,395.68
MAexp7:	47,873.16
MAexp20:	47,623.58
MAexp50:	42,001.77
MAexp100:	34,772.84
Price / MA7:	-5.83%
Price / MA20:	-8.26%
Price / MA50:	+10.47%
Price / MA100:	+40.26%
Price / MAexp7:	-5.09%
Price / MAexp20:	-4.59%
Price / MAexp50:	+8.18%
Price / MAexp100:	+30.67%

Quotes : 2021-02-28 12:07:14 - Real time data - Cryptocompare

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

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