BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - Daily - Technical analysis published on 04/22/2024 (GMT)

Timeframe : Daily
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

33%

My opinion

Bullish above

My targets

()

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BITCOIN - BTC/USD. As long as you are above the support located at , traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at as an objective. If the support were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

2.1

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 jann1414. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

BITCOIN - BTC/USD rating 65,826.95 USD. The price registered an increase of +1.34% on the session and was between 64,537.23 USD and 66,062.35 USD. This implies that the price is at +2.00% from its lowest and at -0.36% from its highest.

64,537.23

66,062.35

65,826.95

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

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:

Technical

A technical analysis in Daily of this BITCOIN - BTC/USD chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	35,079.50	39,519.49	47,352.27	65,826.95	67,554.70	73,117.83
Change (%)	-46.71%	-39.96%	-28.07%	-	+2.62%	+11.08%
Change	-30,747.45	-26,307.46	-18,474.68	-	+1,727.75	+7,290.88
Level	Intermediate	Intermediate	Major	-	Major	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	62,802.61	63,538.96	64,247.68	64,984.03	65,692.75	66,429.10	67,137.82
Camarilla	64,559.00	64,691.46	64,823.93	64,956.39	65,088.86	65,221.32	65,353.78
Woodie	62,788.79	63,532.05	64,233.86	64,977.12	65,678.93	66,422.19	67,124.00
Fibonacci	63,538.96	64,090.98	64,432.02	64,984.03	65,536.05	65,877.09	66,429.10

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53,503.33	56,562.53	60,770.98	63,830.18	68,038.63	71,097.83	75,306.28
Camarilla	62,980.84	63,647.04	64,313.24	64,979.44	65,645.64	66,311.84	66,978.04
Woodie	54,077.97	56,849.84	61,345.62	64,117.49	68,613.27	71,385.14	75,880.92
Fibonacci	56,562.53	59,338.77	61,053.93	63,830.18	66,606.42	68,321.58	71,097.83

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	47,823.78	53,507.51	62,412.58	68,096.31	77,001.38	82,685.11	91,590.18
Camarilla	67,305.74	68,643.05	69,980.35	71,317.66	72,654.97	73,992.27	75,329.58
Woodie	49,434.46	54,312.85	64,023.26	68,901.65	78,612.06	83,490.45	93,200.86
Fibonacci	53,507.51	59,080.43	62,523.39	68,096.31	73,669.23	77,112.19	82,685.11

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):	48.16
MACD (12,26,9):	-803.7500
Directional Movement:	-6.72
AROON (14):	-78.57
DEMA (21):	65,024.18
Parabolic SAR (0,02-0,02-0,2):	67,922.04
Elder Ray (13):	-207.40
Super Trend (3,10):	73,089.31
Zig ZAG (10):	65,417.57
VORTEX (21):	0.9500
Stochastique (14,3,5):	43.07
TEMA (21):	63,425.67
Williams %R (14):	-51.87
Chande Momentum Oscillator (20):	-5,094.52
Repulse (5,40,3):	3.7100
ROCnROLL:	1
TRIX (15,9):	-0.1300
Courbe Coppock:	14.25

MA7:	64,003.82
MA20:	66,505.03
MA50:	67,523.37
MA100:	57,605.47
MAexp7:	64,817.49
MAexp20:	65,815.55
MAexp50:	64,603.34
MAexp100:	59,184.87
Price / MA7:	+2.85%
Price / MA20:	-1.02%
Price / MA50:	-2.51%
Price / MA100:	+14.27%
Price / MAexp7:	+1.56%
Price / MAexp20:	+0.02%
Price / MAexp50:	+1.89%
Price / MAexp100:	+11.22%

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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