BITCOIN - BTC/USD - Weekly - Technical analysis published on 10/11/2021 (GMT)
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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%
0%
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
0
10
8.8
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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
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
S3
S2
S1
R1
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 :
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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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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