BITCOIN - BTC/USD
BITCOIN - BTC/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: BTCUSD
ISIN:

BITCOIN - BTC/USD - Weekly - Technical analysis published on 04/16/2021 (GMT)

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  • Timeframe : Weekly
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 48,631.10 USD
My targets
71,952.50 USD (+14.07%)
82,118.70 USD (+30.19%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BITCOIN - BTC/USD as long as the price remains well above 48,631.10 USD. The buyers” bullish objective is set at 71,952.50 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 82,118.70 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
8.4

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

Additional analysis

Quotes

BITCOIN - BTC/USD rating 63,075.02 USD. The price registered an increase of +5.51% over 5 days with the lowest point at 59,383.00 USD and the highest point at 64,891.30 USD. The deviation from the price is +6.22% for the low point and -2.80% for the high point.

59,383.00
64,891.30
63,075.02

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Weekly of this BITCOIN - BTC/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Weekly


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly


MACD indicator: bearish divergence

Type : Bullish

Timeframe : Weekly


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

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

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 30,409.80 40,672.60 61,170.60 63,075.02
Change (%) -51.79% -35.52% -3.02% -
Change -32,665.22 -22,402.42 -1,904.42 -
Level Major Intermediate Major -



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard60,463.7161,253.7362,246.3363,036.3564,028.9564,818.9765,811.57
Camarilla62,748.7062,912.1163,075.5163,238.9263,402.3363,565.7363,729.14
Woodie60,564.9961,304.3862,347.6163,087.0064,130.2364,869.6265,912.85
Fibonacci61,253.7361,934.6962,355.3963,036.3563,717.3164,138.0164,818.97


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard50,577.2352,992.1756,385.9358,800.8762,194.6364,609.5768,003.33
Camarilla58,182.3158,714.7759,247.2459,779.7060,312.1660,844.6361,377.09
Woodie51,066.6553,236.8856,875.3559,045.5862,684.0564,854.2868,492.75
Fibonacci52,992.1755,211.0956,581.9458,800.8761,019.7962,390.6464,609.57


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard31,887.3038,464.9048,631.1055,208.7065,374.9071,952.5082,118.70
Camarilla54,192.7655,727.6057,262.4558,797.3060,332.1561,867.0063,401.85
Woodie33,681.6039,362.0550,425.4056,105.8567,169.2072,849.6583,913.00
Fibonacci38,464.9044,861.0348,812.5755,208.7061,604.8365,556.3771,952.50

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): 73.60
MACD (12,26,9): 11,317.3300
Directional Movement: 27.59
AROON (14): 100.00
DEMA (21): 59,229.79
Parabolic SAR (0,02-0,02-0,2): 52,621.18
Elder Ray (13): 11,005.67
Super Trend (3,10): 39,108.04
Zig ZAG (10): 62,960.35
VORTEX (21): 1.2500
Stochastique (14,3,5): 91.86
TEMA (21): 64,464.46
Williams %R (14): -5.40
Chande Momentum Oscillator (20): 30,835.90
Repulse (5,40,3): 13.7600
ROCnROLL: 1
TRIX (15,9): 6.0100
Courbe Coppock: 223.62
MA7: 61,766.93
MA20: 59,279.42
MA50: 55,858.66
MA100: 48,322.33
MAexp7: 57,004.77
MAexp20: 44,914.80
MAexp50: 30,110.61
MAexp100: 20,866.33
Price / MA7: +2.12%
Price / MA20: +6.40%
Price / MA50: +12.92%
Price / MA100: +30.53%
Price / MAexp7: +10.65%
Price / MAexp20: +40.43%
Price / MAexp50: +109.48%
Price / MAexp100: +202.28%

Quotes : - Real time data - Cryptocompare

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

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