BITCOIN - BTC/USD - Daily - Technical analysis published on 08/03/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 9,844.73 USD
My targets
11,504.60 USD (+6.63%)
12,932.90 USD (+19.87%)
My analysis
The basic bullish trend is very strong on Bitcoin - BTC/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 9,844.73 USD. Crossing the first resistance at 11,504.60 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 12,932.90 USD as an objective. Crossing it would then enable buyers to target 19,345.50 USD. Caution, a return to below 9,844.73 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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 Loofp1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The Bitcoin - BTC/USD price is 10,788.87 USD. On the day, this instrument gained +2.46% with the lowest point at 10,506.21 USD and the highest point at 10,860.13 USD. The deviation from the price is +2.69% for the low point and -0.66% for the high point.10,506.21
10,860.13
10,788.87
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of Bitcoin - BTC/USD in Daily shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Aroon indicator bearish trend
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
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
Resistance of triangle is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,875.21 | 8,397.92 | 9,844.73 | 10,788.87 | 11,504.60 | 12,932.90 | 19,345.50 |
| Change (%) | -45.54% | -22.16% | -8.75% | - | +6.63% | +19.87% | +79.31% |
| Change | -4,913.66 | -2,390.95 | -944.14 | - | +715.73 | +2,144.03 | +8,556.63 |
| Level | Intermediate | Intermediate | Major | - | 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 | 9,404.67 | 9,641.99 | 10,022.58 | 10,259.90 | 10,640.49 | 10,877.81 | 11,258.40 |
| Camarilla | 10,233.24 | 10,289.88 | 10,346.52 | 10,403.16 | 10,459.80 | 10,516.44 | 10,573.09 |
| Woodie | 9,476.30 | 9,677.81 | 10,094.21 | 10,295.72 | 10,712.12 | 10,913.63 | 11,330.03 |
| Fibonacci | 9,641.99 | 9,878.04 | 10,023.86 | 10,259.90 | 10,495.95 | 10,641.77 | 10,877.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,332.29 | 8,307.56 | 8,891.15 | 9,866.42 | 10,450.01 | 11,425.28 | 12,008.87 |
| Camarilla | 9,046.04 | 9,188.94 | 9,331.84 | 9,474.73 | 9,617.63 | 9,760.52 | 9,903.42 |
| Woodie | 7,136.44 | 8,209.64 | 8,695.30 | 9,768.50 | 10,254.16 | 11,327.36 | 11,813.02 |
| Fibonacci | 8,307.56 | 8,903.05 | 9,270.94 | 9,866.42 | 10,461.91 | 10,829.80 | 11,425.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,250.42 | 6,661.91 | 8,373.93 | 10,785.42 | 12,497.44 | 14,908.93 | 16,620.96 |
| Camarilla | 8,952.00 | 9,329.98 | 9,707.97 | 10,085.96 | 10,463.95 | 10,841.94 | 11,219.93 |
| Woodie | 3,900.69 | 6,487.04 | 8,024.21 | 10,610.55 | 12,147.72 | 14,734.06 | 16,271.23 |
| Fibonacci | 6,661.91 | 8,237.09 | 9,210.24 | 10,785.42 | 12,360.60 | 13,333.75 | 14,908.93 |
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): | 52.26 | |
| MACD (12,26,9): | -166.2300 | |
| Directional Movement: | 2.91 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 9,977.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,101.87 | |
| Elder Ray (13): | 409.82 | |
| Super Trend (3,10): | 11,643.10 | |
| Zig ZAG (10): | 10,437.62 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 59.78 | |
| TEMA (21): | 9,715.19 | |
| Williams %R (14): | -33.36 | |
| Chande Momentum Oscillator (20): | -140.80 | |
| Repulse (5,40,3): | 5.4900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.3300 | |
| Courbe Coppock: | 8.90 |
| MA7: | 9,862.36 | |
| MA20: | 10,069.32 | |
| MA50: | 10,568.81 | |
| MA100: | 8,899.25 | |
| MAexp7: | 10,071.67 | |
| MAexp20: | 10,187.35 | |
| MAexp50: | 10,028.20 | |
| MAexp100: | 8,991.23 | |
| Price / MA7: | +9.39% | |
| Price / MA20: | +7.15% | |
| Price / MA50: | +2.08% | |
| Price / MA100: | +21.23% | |
| Price / MAexp7: | +7.12% | |
| Price / MAexp20: | +5.90% | |
| Price / MAexp50: | +7.59% | |
| Price / MAexp100: | +19.99% |
This member declared not having a position on this financial instrument or a related financial instrument.
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