BITCOIN - BTC/USD - Daily - Technical analysis published on 04/21/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
22%
50%
28%
My opinion
Bullish above 51,327.60 USD
My targets
61,170.60 USD (+8.74%)
My analysis
With a bullish background trend, the price of BITCOIN - BTC/USD is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 51,327.60 USD. A bullish break in the resistance located at 61,170.60 USD would boost the bullish momentum and fuel the basic trend. PS: if there is a bearish break in the support located at 51,327.60 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 indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
0.5
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Additional analysis
Quotes
The BITCOIN - BTC/USD price is 56,252.18 USD. The price registered a decrease of -0.44% on the session and was between 54,341.47 USD and 56,806.29 USD. This implies that the price is at +3.52% from its lowest and at -0.98% from its highest.54,341.47
56,806.29
56,252.18
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
A technical analysis in Daily of this BITCOIN - BTC/USD chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 40,672.60 | 51,327.60 | 55,922.80 | 56,252.18 | 61,170.60 |
| Change (%) | -27.70% | -8.75% | -0.59% | - | +8.74% |
| Change | -15,579.58 | -4,924.58 | -329.38 | - | +4,918.42 |
| Level | Intermediate | Intermediate | Major | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 50,530.68 | 51,967.86 | 54,234.24 | 55,671.42 | 57,937.80 | 59,374.98 | 61,641.36 |
| Camarilla | 55,482.13 | 55,821.62 | 56,161.12 | 56,500.61 | 56,840.10 | 57,179.60 | 57,519.09 |
| Woodie | 50,945.27 | 52,175.16 | 54,648.83 | 55,878.72 | 58,352.39 | 59,582.28 | 62,055.95 |
| Fibonacci | 51,967.86 | 53,382.62 | 54,256.66 | 55,671.42 | 57,086.18 | 57,960.22 | 59,374.98 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52,150.53 | 55,663.81 | 57,864.73 | 61,378.01 | 63,578.93 | 67,092.21 | 69,293.13 |
| Camarilla | 58,494.24 | 59,018.04 | 59,541.84 | 60,065.64 | 60,589.44 | 61,113.24 | 61,637.05 |
| Woodie | 51,494.34 | 55,335.72 | 57,208.54 | 61,049.92 | 62,922.74 | 66,764.12 | 68,636.94 |
| Fibonacci | 55,663.81 | 57,846.64 | 59,195.19 | 61,378.01 | 63,560.84 | 64,909.39 | 67,092.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33,859.97 | 40,043.03 | 49,420.17 | 55,603.23 | 64,980.37 | 71,163.43 | 80,540.57 |
| Camarilla | 54,518.25 | 55,944.60 | 57,370.95 | 58,797.30 | 60,223.65 | 61,650.00 | 63,076.36 |
| Woodie | 35,457.00 | 40,841.55 | 51,017.20 | 56,401.75 | 66,577.40 | 71,961.95 | 82,137.60 |
| Fibonacci | 40,043.03 | 45,987.03 | 49,659.24 | 55,603.23 | 61,547.23 | 65,219.44 | 71,163.43 |
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): | 44.12 | |
| MACD (12,26,9): | 275.6400 | |
| Directional Movement: | -9.92 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 59,109.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 63,338.55 | |
| Elder Ray (13): | -2,814.18 | |
| Super Trend (3,10): | 55,016.03 | |
| Zig ZAG (10): | 56,000.35 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 30.25 | |
| TEMA (21): | 57,929.39 | |
| Williams %R (14): | -70.15 | |
| Chande Momentum Oscillator (20): | -2,113.59 | |
| Repulse (5,40,3): | 0.3000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2600 | |
| Courbe Coppock: | 0.75 |
| MA7: | 58,477.29 | |
| MA20: | 58,947.19 | |
| MA50: | 56,802.63 | |
| MA100: | 49,213.27 | |
| MAexp7: | 57,725.68 | |
| MAexp20: | 58,381.75 | |
| MAexp50: | 55,757.25 | |
| MAexp100: | 49,277.55 | |
| Price / MA7: | -3.81% | |
| Price / MA20: | -4.57% | |
| Price / MA50: | -0.97% | |
| Price / MA100: | +14.30% | |
| Price / MAexp7: | -2.55% | |
| Price / MAexp20: | -3.65% | |
| Price / MAexp50: | +0.89% | |
| Price / MAexp100: | +14.15% |
Quotes :
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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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