BITCOIN - BTC/USD - Weekly - Technical analysis published on 09/03/2019 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 9,419.45 USD
My targets
11,504.60 USD (+8.05%)
12,932.90 USD (+21.46%)
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 9,419.45 USD. The next resistance located at 11,504.60 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 12,932.90 USD. After this resistance, buyers could then target 19,345.50 USD. 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.
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 MK. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The Bitcoin - BTC/USD price is 10,647.55 USD. The price is up +9.60% over 5 days with the lowest point at 9,342.82 USD and the highest point at 9,838.88 USD. The deviation from the price is +13.97% for the low point and +8.22% for the high point.10,283.31
10,783.76
10,647.55
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by Bitcoin - BTC/USD:
Technical
A technical analysis in Weekly of this Bitcoin - BTC/USD chart shows a strongly bullish trend. 89.29% 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 7 are bullish, 7 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 3,182.14 | 5,875.21 | 9,419.45 | 10,647.55 | 11,504.60 | 12,932.90 | 19,345.50 |
| Change (%) | -70.11% | -44.82% | -11.53% | - | +8.05% | +21.46% | +81.69% |
| Change | -7,465.41 | -4,772.34 | -1,228.10 | - | +857.05 | +2,285.35 | +8,697.95 |
| Level | Major | Intermediate | Major | - | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 9,211.56 | 9,484.01 | 9,933.93 | 10,206.38 | 10,656.30 | 10,928.75 | 11,378.67 |
| Camarilla | 10,185.19 | 10,251.41 | 10,317.62 | 10,383.84 | 10,450.06 | 10,516.27 | 10,582.49 |
| Woodie | 9,300.28 | 9,528.38 | 10,022.66 | 10,250.75 | 10,745.03 | 10,973.12 | 11,467.40 |
| Fibonacci | 9,484.01 | 9,759.96 | 9,930.44 | 10,206.38 | 10,482.33 | 10,652.81 | 10,928.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,720.68 | 8,521.49 | 9,061.97 | 9,862.78 | 10,403.26 | 11,204.07 | 11,744.55 |
| Camarilla | 9,233.59 | 9,356.54 | 9,479.49 | 9,602.44 | 9,725.39 | 9,848.34 | 9,971.30 |
| Woodie | 7,590.51 | 8,456.41 | 8,931.80 | 9,797.70 | 10,273.09 | 11,138.99 | 11,614.38 |
| Fibonacci | 8,521.49 | 9,033.87 | 9,350.41 | 9,862.78 | 10,375.16 | 10,691.70 | 11,204.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,498.54 | 7,410.43 | 8,506.43 | 10,418.32 | 11,514.32 | 13,426.21 | 14,522.21 |
| Camarilla | 8,775.27 | 9,050.99 | 9,326.72 | 9,602.44 | 9,878.16 | 10,153.89 | 10,429.61 |
| Woodie | 5,090.61 | 7,206.46 | 8,098.50 | 10,214.35 | 11,106.39 | 13,222.24 | 14,114.28 |
| Fibonacci | 7,410.43 | 8,559.44 | 9,269.30 | 10,418.32 | 11,567.33 | 12,277.19 | 13,426.21 |
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): | 61.22 | |
| MACD (12,26,9): | 1,243.1300 | |
| Directional Movement: | 11.83 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 10,905.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 13,229.29 | |
| Elder Ray (13): | 262.26 | |
| Super Trend (3,10): | 8,003.15 | |
| Zig ZAG (10): | 10,610.64 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 42.28 | |
| TEMA (21): | 11,473.97 | |
| Williams %R (14): | -50.39 | |
| Chande Momentum Oscillator (20): | 1,764.16 | |
| Repulse (5,40,3): | 2.7100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 3.0900 | |
| Courbe Coppock: | 88.45 |
| MA7: | 9,882.79 | |
| MA20: | 10,175.75 | |
| MA50: | 10,397.94 | |
| MA100: | 10,155.48 | |
| MAexp7: | 10,295.43 | |
| MAexp20: | 9,239.94 | |
| MAexp50: | 7,676.59 | |
| MAexp100: | 6,661.41 | |
| Price / MA7: | +7.74% | |
| Price / MA20: | +4.64% | |
| Price / MA50: | +2.40% | |
| Price / MA100: | +4.85% | |
| Price / MAexp7: | +3.42% | |
| Price / MAexp20: | +15.23% | |
| Price / MAexp50: | +38.70% | |
| Price / MAexp100: | +59.84% |
This member declared not having a position on this financial instrument or a related financial instrument.
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