BITCOIN - BTC/USD - Daily - Technical analysis published on 03/07/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
44%
6%
50%
My opinion
Bullish above 45,316.93 USD
My targets
57,489.20 USD (+14.90%)
My analysis
The basic bullish trend is very strong on BITCOIN - BTC/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 45,316.93 USD. Crossing the first resistance at 57,489.20 USD would be a sign of a potential new surge in the price. Caution, a return to below 45,316.93 USD would be a sign of a consolidation phase in the short-term basic trend. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.3
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This analysis was given by zabela403. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 50,031.95 USD. The price has increased by +2.31% since the last closing and was traded between 48,895.51 USD and 51,349.18 USD over the period. The price is currently at +2.32% from its lowest and -2.57% from its highest.48,895.51
51,349.18
50,031.95
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.
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 moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 19,345.50 | 30,409.80 | 40,672.60 | 50,031.95 | 57,489.20 |
| Change (%) | -61.33% | -39.22% | -18.71% | - | +14.90% |
| Change | -30,686.45 | -19,622.15 | -9,359.35 | - | +7,457.25 |
| Level | Major | Intermediate | Major | - | Intermediate |
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 | 47,439.30 | 47,859.76 | 48,380.24 | 48,800.70 | 49,321.18 | 49,741.65 | 50,262.12 |
| Camarilla | 48,641.95 | 48,728.21 | 48,814.46 | 48,900.71 | 48,986.96 | 49,073.22 | 49,159.47 |
| Woodie | 47,489.30 | 47,884.77 | 48,430.24 | 48,825.71 | 49,371.18 | 49,766.65 | 50,312.12 |
| Fibonacci | 47,859.76 | 48,219.20 | 48,441.27 | 48,800.70 | 49,160.14 | 49,382.21 | 49,741.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34,076.94 | 38,547.57 | 43,724.14 | 48,194.77 | 53,371.34 | 57,841.97 | 63,018.54 |
| Camarilla | 46,247.73 | 47,132.06 | 48,016.38 | 48,900.71 | 49,785.04 | 50,669.37 | 51,553.69 |
| Woodie | 34,429.91 | 38,724.06 | 44,077.11 | 48,371.26 | 53,724.31 | 58,018.46 | 63,371.51 |
| Fibonacci | 38,547.57 | 42,232.80 | 44,509.54 | 48,194.77 | 51,880.00 | 54,156.74 | 57,841.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,232.67 | 19,282.43 | 32,267.17 | 45,316.93 | 58,301.66 | 71,351.43 | 84,336.16 |
| Camarilla | 38,092.41 | 40,478.91 | 42,865.40 | 45,251.90 | 47,638.39 | 50,024.89 | 52,411.38 |
| Woodie | 6,200.15 | 19,266.17 | 32,234.65 | 45,300.68 | 58,269.15 | 71,335.18 | 84,303.65 |
| Fibonacci | 19,282.43 | 29,227.61 | 35,371.75 | 45,316.93 | 55,262.11 | 61,406.26 | 71,351.43 |
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): | 56.12 | |
| MACD (12,26,9): | 1,358.7700 | |
| Directional Movement: | 5.74 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 50,697.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 43,767.13 | |
| Elder Ray (13): | 1,145.74 | |
| Super Trend (3,10): | 58,027.84 | |
| Zig ZAG (10): | 50,098.70 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 41.82 | |
| TEMA (21): | 49,380.61 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | 1,324.96 | |
| Repulse (5,40,3): | 3.1500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.6400 | |
| Courbe Coppock: | 14.61 |
| MA7: | 49,250.68 | |
| MA20: | 50,220.93 | |
| MA50: | 42,883.16 | |
| MA100: | 34,563.51 | |
| MAexp7: | 49,142.76 | |
| MAexp20: | 48,430.35 | |
| MAexp50: | 43,763.79 | |
| MAexp100: | 36,657.91 | |
| Price / MA7: | +1.59% | |
| Price / MA20: | -0.38% | |
| Price / MA50: | +16.67% | |
| Price / MA100: | +44.75% | |
| Price / MAexp7: | +1.81% | |
| Price / MAexp20: | +3.31% | |
| Price / MAexp50: | +14.32% | |
| Price / MAexp100: | +36.48% |
Quotes :
2021-03-07 22:10:15
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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