BITCOIN - BTC/USD
BITCOIN - BTC/USD
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- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: BTCUSD
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BITCOIN - BTC/USD - Daily - Technical analysis published on 09/06/2019 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 9,419.45 USD
My targets
11,504.60 USD (+7.23%)
12,932.90 USD (+20.54%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on Bitcoin - BTC/USD as long as the price remains well above 9,419.45 USD. The buyers” bullish objective is set at 11,504.60 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12,932.90 USD. If there is any crossing, the next objective would be the resistance located at 19,345.50 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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:
15 min. 1H Weekly

Additional analysis

Quotes

The Bitcoin - BTC/USD rating is 10,728.98 USD. The price has increased by +1.46% since the last closing with the lowest point at 10,566.63 USD and the highest point at 10,796.90 USD. The deviation from the price is +1.54% for the low point and -0.63% for the high point.

10,566.63
10,796.90
10,728.98

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this Daily chart of Bitcoin - BTC/USD indicates that the overall trend is strongly bullish. 85.71% 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, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5,875.21 8,214.86 9,419.45 10,728.98 11,504.60 12,932.90 19,345.50
Change (%) -45.24% -23.43% -12.21% - +7.23% +20.54% +80.31%
Change -4,853.77 -2,514.12 -1,309.53 - +775.62 +2,203.92 +8,616.52
Level Major Minor Major - Major 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
Standard10,257.8610,357.7810,466.3410,566.2610,674.8210,774.7410,883.30
Camarilla10,517.5810,536.6910,555.8010,574.9110,594.0210,613.1310,632.24
Woodie10,262.1910,359.9410,470.6710,568.4210,679.1510,776.9010,887.63
Fibonacci10,357.7810,437.4210,486.6210,566.2610,645.9010,695.1010,774.74


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7,720.688,521.499,061.979,862.7810,403.2611,204.0711,744.55
Camarilla9,233.599,356.549,479.499,602.449,725.399,848.349,971.30
Woodie7,590.518,456.418,931.809,797.7010,273.0911,138.9911,614.38
Fibonacci8,521.499,033.879,350.419,862.7810,375.1610,691.7011,204.07


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5,498.547,410.438,506.4310,418.3211,514.3213,426.2114,522.21
Camarilla8,775.279,050.999,326.729,602.449,878.1610,153.8910,429.61
Woodie5,090.617,206.468,098.5010,214.3511,106.3913,222.2414,114.28
Fibonacci7,410.438,559.449,269.3010,418.3211,567.3312,277.1913,426.21

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 55.98
MACD (12,26,9): -27.7700
Directional Movement: 5.78
AROON (14): 42.85
DEMA (21): 10,239.54
Parabolic SAR (0,02-0,02-0,2): 9,569.13
Elder Ray (13): 368.62
Super Trend (3,10): 11,128.27
Zig ZAG (10): 10,714.58
VORTEX (21): 1.0800
Stochastique (14,3,5): 86.38
TEMA (21): 10,285.92
Williams %R (14): -7.44
Chande Momentum Oscillator (20): 577.61
Repulse (5,40,3): 3.6300
ROCnROLL: 1
TRIX (15,9): -0.2100
Courbe Coppock: 0.06
MA7: 10,321.52
MA20: 10,225.86
MA50: 10,439.86
MA100: 10,212.54
MAexp7: 10,414.98
MAexp20: 10,318.85
MAexp50: 10,344.21
MAexp100: 9,760.02
Price / MA7: +3.95%
Price / MA20: +4.92%
Price / MA50: +2.77%
Price / MA100: +5.06%
Price / MAexp7: +3.01%
Price / MAexp20: +3.97%
Price / MAexp50: +3.72%
Price / MAexp100: +9.93%

This member declared not having a position on this financial instrument or a related financial instrument.

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