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 10/25/2021 (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

89%

11%

My opinion

Bullish above 52,682.50 USD

My targets

64,560.27 USD (+4.63%)

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 52,682.50 USD. The next resistance located at 64,560.27 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.9

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

Additional analysis

Quotes

The BITCOIN - BTC/USD price is 61,704.08 USD. Over 5 days, this instrument lost -4.01% with the lowest point at 59,684.80 USD and the highest point at 66,638.80 USD. The deviation from the price is +3.38% for the low point and -7.41% for the high point.

59,684.80

66,638.80

61,704.08

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this BITCOIN - BTC/USD chart shows a strongly 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal resistance

Type : Bearish

Timeframe : Weekly

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	29,917.70	40,599.10	52,682.50	61,704.08	63,577.00
Change (%)	-51.51%	-34.20%	-14.62%	-	+3.04%
Change	-31,786.38	-21,104.98	-9,021.58	-	+1,872.92
Level	Major	Intermediate	Intermediate	-	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	57,817.84	58,671.69	59,768.22	60,622.07	61,718.60	62,572.45	63,668.98
Camarilla	60,328.40	60,507.18	60,685.97	60,864.75	61,043.54	61,222.32	61,401.11
Woodie	57,939.18	58,732.36	59,889.56	60,682.74	61,839.94	62,633.12	63,790.32
Fibonacci	58,671.69	59,416.74	59,877.03	60,622.07	61,367.12	61,827.41	62,572.45

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	50,025.19	54,545.35	57,934.09	62,454.25	65,842.99	70,363.15	73,751.89
Camarilla	59,147.89	59,872.88	60,597.86	61,322.84	62,047.82	62,772.81	63,497.79
Woodie	49,459.49	54,262.50	57,368.39	62,171.40	65,277.29	70,080.30	73,186.19
Fibonacci	54,545.35	57,566.55	59,433.05	62,454.25	65,475.45	67,341.95	70,363.15

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):	66.49
MACD (12,26,9):	4,891.4000
Directional Movement:	13.19
AROON (14):	92.86
DEMA (21):	54,847.23
Parabolic SAR (0,02-0,02-0,2):	42,440.39
Elder Ray (13):	8,994.07
Super Trend (3,10):	40,573.91
Zig ZAG (10):	61,707.79
VORTEX (21):	1.1900
Stochastique (14,3,5):	87.69
TEMA (21):	56,627.39
Williams %R (14):	-15.92
Chande Momentum Oscillator (20):	17,073.10
Repulse (5,40,3):	12.5900
ROCnROLL:	1
TRIX (15,9):	0.8800
Courbe Coppock:	104.12

MA7:	62,447.46
MA20:	59,212.87
MA50:	51,149.29
MA100:	47,245.97
MAexp7:	55,820.27
MAexp20:	49,164.23
MAexp50:	41,202.64
MAexp100:	31,524.16
Price / MA7:	-1.19%
Price / MA20:	+4.21%
Price / MA50:	+20.64%
Price / MA100:	+30.60%
Price / MAexp7:	+10.54%
Price / MAexp20:	+25.51%
Price / MAexp50:	+49.76%
Price / MAexp100:	+95.74%

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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