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 10/11/2021 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 40,574.60 USD

My targets

63,577.00 USD (+10.16%)

My analysis

The bullish trend is currently very strong on BITCOIN - BTC/USD. As long as the price remains above the support at 40,574.60 USD, you could try to benefit from the boom. The first bullish objective is located at 63,577.00 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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.8

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

Additional analysis

Quotes

The BITCOIN - BTC/USD rating is 57,714.00 USD. Over 5 days, this instrument gained +12.05% with the lowest point at 53,404.90 USD and the highest point at 56,078.80 USD. The deviation from the price is +8.07% for the low point and +2.92% for the high point.

53,404.90

56,078.80

57,714.00

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:

Technical

Technical analysis of BITCOIN - BTC/USD in Weekly shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Weekly

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

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:

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Weekly

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Weekly

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	19,345.50	29,917.70	40,574.60	57,714.00	63,577.00
Change (%)	-66.48%	-48.16%	-29.70%	-	+10.16%
Change	-38,368.50	-27,796.30	-17,139.40	-	+5,863.00
Level	Major	Major	Intermediate	-	Major

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	51,393.39	52,766.39	53,739.72	55,112.72	56,086.05	57,459.05	58,432.38
Camarilla	54,067.81	54,282.89	54,497.97	54,713.05	54,928.13	55,143.21	55,358.29
Woodie	51,193.56	52,666.47	53,539.89	55,012.80	55,886.22	57,359.13	58,232.55
Fibonacci	52,766.39	53,662.69	54,216.42	55,112.72	56,009.02	56,562.75	57,459.05

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	40,105.29	43,522.74	49,243.89	52,661.34	58,382.49	61,799.94	67,521.09
Camarilla	52,451.92	53,289.62	54,127.33	54,965.03	55,802.74	56,640.44	57,478.15
Woodie	41,257.13	44,098.67	50,395.73	53,237.27	59,534.33	62,375.87	68,672.93
Fibonacci	43,522.74	47,013.69	49,170.40	52,661.34	56,152.29	58,309.00	61,799.94

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24,721.17	32,175.13	38,000.87	45,454.83	51,280.57	58,734.53	64,560.27
Camarilla	40,174.68	41,391.99	42,609.29	43,826.60	45,043.91	46,261.21	47,478.52
Woodie	23,907.05	31,768.08	37,186.75	45,047.78	50,466.45	58,327.48	63,746.15
Fibonacci	32,175.13	37,247.98	40,381.99	45,454.83	50,527.68	53,661.69	58,734.53

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	63.66
MACD (12,26,9):	3,314.4200
Directional Movement:	5.70
AROON (14):	85.71
DEMA (21):	50,072.26
Parabolic SAR (0,02-0,02-0,2):	39,958.09
Elder Ray (13):	8,105.84
Super Trend (3,10):	35,208.15
Zig ZAG (10):	57,610.70
VORTEX (21):	1.1800
Stochastique (14,3,5):	91.08
TEMA (21):	50,409.53
Williams %R (14):	-0.37
Chande Momentum Oscillator (20):	23,351.20
Repulse (5,40,3):	23.2700
ROCnROLL:	1
TRIX (15,9):	0.5900
Courbe Coppock:	86.09

MA7:	54,556.71
MA20:	48,050.49
MA50:	47,746.82
MA100:	43,356.07
MAexp7:	50,550.11
MAexp20:	46,100.94
MAexp50:	39,378.50
MAexp100:	30,232.92
Price / MA7:	+5.79%
Price / MA20:	+20.11%
Price / MA50:	+20.88%
Price / MA100:	+33.12%
Price / MAexp7:	+14.18%
Price / MAexp20:	+25.20%
Price / MAexp50:	+46.57%
Price / MAexp100:	+90.91%

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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