BITCOIN - BTC/USD - Daily - Technical analysis published on 09/17/2019 (GMT)
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- 213
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- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bullish
Technical indicators
22%
33%
44%
My opinion
Neutral between 9,419.45 USD and 10,605.40 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on Bitcoin - BTC/USD. It is difficult to advise a trading direction under these conditions. The first resistance is located at 10,605.40 USD. The first support is located at 9,419.45 USD. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this 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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
Bitcoin - BTC/USD rating 10,241.86 USD. The price registered a decrease of -0.22% on the session and was traded between 10,137.20 USD and 10,274.98 USD over the period. The price is currently at +1.03% from its lowest and -0.32% from its highest.10,137.20
10,274.98
10,241.86
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
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 slightly bullish trend. 50% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the slightly bullish trend could return to neutral. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
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.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,875.21 | 8,214.86 | 9,419.45 | 10,241.86 | 10,605.40 | 11,988.10 | 12,932.90 |
| Change (%) | -42.64% | -19.79% | -8.03% | - | +3.55% | +17.05% | +26.27% |
| Change | -4,366.65 | -2,027.00 | -822.41 | - | +363.54 | +1,746.24 | +2,691.04 |
| Level | Major | Minor | Major | - | Intermediate | Minor | Intermediate |
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 | 9,821.30 | 9,945.28 | 10,104.77 | 10,228.75 | 10,388.24 | 10,512.22 | 10,671.71 |
| Camarilla | 10,186.32 | 10,212.30 | 10,238.29 | 10,264.27 | 10,290.25 | 10,316.24 | 10,342.22 |
| Woodie | 9,839.07 | 9,954.16 | 10,122.53 | 10,237.63 | 10,406.01 | 10,521.10 | 10,689.47 |
| Fibonacci | 9,945.28 | 10,053.56 | 10,120.46 | 10,228.75 | 10,337.03 | 10,403.93 | 10,512.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,218.89 | 9,541.27 | 9,950.83 | 10,273.22 | 10,682.78 | 11,005.17 | 11,414.73 |
| Camarilla | 10,159.11 | 10,226.21 | 10,293.31 | 10,360.40 | 10,427.50 | 10,494.59 | 10,561.69 |
| Woodie | 9,262.48 | 9,563.06 | 9,994.43 | 10,295.01 | 10,726.38 | 11,026.96 | 11,458.32 |
| Fibonacci | 9,541.27 | 9,820.87 | 9,993.61 | 10,273.22 | 10,552.82 | 10,725.56 | 11,005.17 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.78 | |
| MACD (12,26,9): | -16.4600 | |
| Directional Movement: | -0.38 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 10,255.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,691.16 | |
| Elder Ray (13): | -84.48 | |
| Super Trend (3,10): | 11,128.27 | |
| Zig ZAG (10): | 10,253.45 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 39.72 | |
| TEMA (21): | 10,301.41 | |
| Williams %R (14): | -64.40 | |
| Chande Momentum Oscillator (20): | -327.82 | |
| Repulse (5,40,3): | 1.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 3.56 |
| MA7: | 10,304.44 | |
| MA20: | 10,218.45 | |
| MA50: | 10,499.42 | |
| MA100: | 10,452.47 | |
| MAexp7: | 10,293.63 | |
| MAexp20: | 10,297.88 | |
| MAexp50: | 10,321.93 | |
| MAexp100: | 9,864.10 | |
| Price / MA7: | -0.61% | |
| Price / MA20: | +0.23% | |
| Price / MA50: | -2.45% | |
| Price / MA100: | -2.01% | |
| Price / MAexp7: | -0.50% | |
| Price / MAexp20: | -0.54% | |
| Price / MAexp50: | -0.78% | |
| Price / MAexp100: | +3.83% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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