BITCOIN - BTC/USD
BITCOIN - BTC/USD
- USD (-)
- Real time data - Cryptocompare
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Change: -
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Type: Cryptocurrencies
Ticker: BTCUSD
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BITCOIN - BTC/USD - Daily - Technical analysis published on 10/15/2021 (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
63,577.00 USD (+5.96%)
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 63,577.00 USD. A bullish break in this resistance would boost the bullish momentum. 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, 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
8.9

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

Additional analysis

Quotes

The BITCOIN - BTC/USD price is 59,999.49 USD. The price has increased by +4.60% since the last closing and was between 56,891.75 USD and 60,344.26 USD. This implies that the price is at +5.46% from its lowest and at -0.57% from its highest.

56,891.75
60,344.26
59,999.49

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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

Technical


A technical analysis in Daily 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 48,210.80 52,682.50 58,992.90 59,999.49 63,577.00
Change (%) -19.65% -12.20% -1.68% - +5.96%
Change -11,788.69 -7,316.99 -1,006.59 - +3,577.51
Level Intermediate Intermediate 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
Standard54,997.8855,934.0556,647.8357,584.0058,297.7859,233.9559,947.73
Camarilla56,907.8657,059.1157,210.3657,361.6057,512.8557,664.0957,815.34
Woodie54,886.6855,878.4556,536.6357,528.4058,186.5859,178.3559,836.53
Fibonacci55,934.0556,564.3356,953.7257,584.0058,214.2858,603.6759,233.95


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard40,105.2743,522.7349,243.8752,661.3358,382.4761,799.9367,521.07
Camarilla52,451.8953,289.5954,127.3054,965.0055,802.7156,640.4157,478.12
Woodie41,257.1044,098.6550,395.7053,237.2559,534.3062,375.8568,672.90
Fibonacci43,522.7347,013.6849,170.3952,661.3356,152.2858,308.9961,799.93


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard24,721.1732,175.1338,000.8745,454.8351,280.5758,734.5364,560.27
Camarilla40,174.6841,391.9942,609.2943,826.6045,043.9146,261.2147,478.52
Woodie23,907.0531,768.0837,186.7545,047.7850,466.4558,327.4863,746.15
Fibonacci32,175.1337,247.9840,381.9945,454.8350,527.6853,661.6958,734.53

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): 72.25
MACD (12,26,9): 3,331.1100
Directional Movement: 20.94
AROON (14): 100.00
DEMA (21): 56,671.47
Parabolic SAR (0,02-0,02-0,2): 53,359.69
Elder Ray (13): 3,956.36
Super Trend (3,10): 50,256.63
Zig ZAG (10): 59,910.13
VORTEX (21): 1.2900
Stochastique (14,3,5): 95.89
TEMA (21): 58,970.42
Williams %R (14): -2.73
Chande Momentum Oscillator (20): 11,701.92
Repulse (5,40,3): 8.2500
ROCnROLL: 1
TRIX (15,9): 0.7300
Courbe Coppock: 54.55
MA7: 56,852.03
MA20: 50,879.62
MA50: 48,497.71
MA100: 44,290.95
MAexp7: 56,872.58
MAexp20: 52,726.40
MAexp50: 49,010.27
MAexp100: 46,436.43
Price / MA7: +5.54%
Price / MA20: +17.92%
Price / MA50: +23.72%
Price / MA100: +35.47%
Price / MAexp7: +5.50%
Price / MAexp20: +13.79%
Price / MAexp50: +22.42%
Price / MAexp100: +29.21%

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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