BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - Daily - Technical analysis published on 10/18/2021 (GMT)

Londinia

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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

72%

28%

My opinion

Bullish above 58,992.90 USD

My targets

63,577.00 USD (+2.96%)

My analysis

BITCOIN - BTC/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 58,992.90 USD. The next resistance located at 63,577.00 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.4

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

Additional analysis

Quotes

The BITCOIN - BTC/USD rating is 61,749.81 USD. On the day, this instrument gained +0.36% and was between 59,908.88 USD and 62,639.16 USD. This implies that the price is at +3.07% from its lowest and at -1.42% from its highest.

59,908.88

62,639.16

61,749.81

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BITCOIN - BTC/USD in Daily shows a strongly overall 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. 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:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

White hanging man / hammer

Type : Neutral

Timeframe : Daily

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	48,210.80	52,682.50	58,992.90	61,749.81	63,577.00
Change (%)	-21.93%	-14.68%	-4.46%	-	+2.96%
Change	-13,539.01	-9,067.31	-2,756.91	-	+1,827.19
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	57,228.13	58,146.84	59,838.72	60,757.43	62,449.31	63,368.02	65,059.90
Camarilla	60,812.70	61,052.00	61,291.31	61,530.61	61,769.91	62,009.22	62,248.52
Woodie	57,614.73	58,340.13	60,225.32	60,950.72	62,835.91	63,561.31	65,446.50
Fibonacci	58,146.84	59,144.08	59,760.18	60,757.43	61,754.67	62,370.77	63,368.02

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	46,804.95	50,414.98	55,645.35	59,255.38	64,485.75	68,095.78	73,326.15
Camarilla	58,444.62	59,254.99	60,065.36	60,875.73	61,686.10	62,496.47	63,306.84
Woodie	47,615.13	50,820.07	56,455.53	59,660.47	65,295.93	68,500.87	74,136.33
Fibonacci	50,414.98	53,792.01	55,878.34	59,255.38	62,632.41	64,718.74	68,095.78

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	72.82
MACD (12,26,9):	3,921.0100
Directional Movement:	21.64
AROON (14):	78.57
DEMA (21):	59,826.11
Parabolic SAR (0,02-0,02-0,2):	57,998.48
Elder Ray (13):	3,984.48
Super Trend (3,10):	52,572.69
Zig ZAG (10):	61,683.94
VORTEX (21):	1.3000
Stochastique (14,3,5):	90.07
TEMA (21):	62,263.72
Williams %R (14):	-8.72
Chande Momentum Oscillator (20):	6,342.54
Repulse (5,40,3):	5.9400
ROCnROLL:	1
TRIX (15,9):	0.9300
Courbe Coppock:	48.58

MA7:	59,507.01
MA20:	53,853.04
MA50:	49,280.11
MA100:	45,148.04
MAexp7:	59,684.66
MAexp20:	55,100.82
MAexp50:	50,466.45
MAexp100:	47,348.66
Price / MA7:	+3.77%
Price / MA20:	+14.66%
Price / MA50:	+25.30%
Price / MA100:	+36.77%
Price / MAexp7:	+3.46%
Price / MAexp20:	+12.07%
Price / MAexp50:	+22.36%
Price / MAexp100:	+30.42%

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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