BITCOIN - BTC/USD - Daily - Technical analysis published on 10/13/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 52,682.50 USD
My targets
58,992.90 USD (+3.34%)
63,577.00 USD (+11.37%)
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 52,682.50 USD. The buyers' bullish objective is set at 58,992.90 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 63,577.00 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
8.9
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 TurtleHermitZ9k. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD price is 57,083.76 USD. The price has increased by +1.90% since the last closing with the lowest point at 54,280.70 USD and the highest point at 57,486.69 USD. The deviation from the price is +5.16% for the low point and -0.70% for the high point.54,280.70
57,486.69
57,083.76
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.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this BITCOIN - BTC/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near horizontal support
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
ProTrendLines | 40,599.10 | 48,210.80 | 52,682.50 | 57,083.76 | 58,992.90 | 63,577.00 |
Change (%) | -28.88% | -15.54% | -7.71% | - | +3.34% | +11.37% |
Change | -16,484.66 | -8,872.96 | -4,401.26 | - | +1,909.14 | +6,493.24 |
Level | Intermediate | Intermediate | Intermediate | - | Intermediate | 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 | 50,489.67 | 52,257.33 | 54,138.37 | 55,906.03 | 57,787.07 | 59,554.73 | 61,435.77 |
Camarilla | 55,016.01 | 55,350.47 | 55,684.94 | 56,019.40 | 56,353.86 | 56,688.33 | 57,022.79 |
Woodie | 50,546.35 | 52,285.68 | 54,195.05 | 55,934.38 | 57,843.75 | 59,583.08 | 61,492.45 |
Fibonacci | 52,257.33 | 53,651.14 | 54,512.23 | 55,906.03 | 57,299.84 | 58,160.93 | 59,554.73 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 40,105.27 | 43,522.73 | 49,243.87 | 52,661.33 | 58,382.47 | 61,799.93 | 67,521.07 |
Camarilla | 52,451.89 | 53,289.59 | 54,127.30 | 54,965.00 | 55,802.71 | 56,640.41 | 57,478.12 |
Woodie | 41,257.10 | 44,098.65 | 50,395.70 | 53,237.25 | 59,534.30 | 62,375.85 | 68,672.90 |
Fibonacci | 43,522.73 | 47,013.68 | 49,170.39 | 52,661.33 | 56,152.28 | 58,308.99 | 61,799.93 |
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 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): | 68.36 | |
MACD (12,26,9): | 2,999.3000 | |
Directional Movement: | 17.20 | |
AROON (14): | 85.71 | |
DEMA (21): | 54,811.96 | |
Parabolic SAR (0,02-0,02-0,2): | 51,160.21 | |
Elder Ray (13): | 2,751.14 | |
Super Trend (3,10): | 48,191.75 | |
Zig ZAG (10): | 57,389.50 | |
VORTEX (21): | 1.2400 | |
Stochastique (14,3,5): | 94.79 | |
TEMA (21): | 57,060.77 | |
Williams %R (14): | -3.76 | |
Chande Momentum Oscillator (20): | 9,049.35 | |
Repulse (5,40,3): | 7.0200 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.5900 | |
Courbe Coppock: | 56.61 |
MA7: | 55,432.67 | |
MA20: | 49,295.88 | |
MA50: | 48,070.59 | |
MA100: | 43,800.14 | |
MAexp7: | 55,228.62 | |
MAexp20: | 51,404.07 | |
MAexp50: | 48,206.26 | |
MAexp100: | 45,911.51 | |
Price / MA7: | +2.98% | |
Price / MA20: | +15.80% | |
Price / MA50: | +18.75% | |
Price / MA100: | +30.33% | |
Price / MAexp7: | +3.36% | |
Price / MAexp20: | +11.05% | |
Price / MAexp50: | +18.42% | |
Price / MAexp100: | +24.33% |
Quotes :
-
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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