BITCOIN - BTC/USD - Daily - Technical analysis published on 02/25/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 8,919.74 USD
My targets
10,176.10 USD (+6.52%)
10,627.40 USD (+11.24%)
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 8,919.74 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 10,176.10 USD 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 10,627.40 USD as an objective. Crossing it would then enable buyers to target 12,932.90 USD. If the support 8,919.74 USD 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 9,553.20 USD. On the day, this instrument lost -1.09% and was between 9,500.00 USD and 9,671.60 USD. This implies that the price is at +0.56% from its lowest and at -1.22% from its highest.9,500.00
9,671.60
9,553.20
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 an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
On the 18 technical indicators analysed, 3 are bullish, 9 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
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 | 8,334.10 | 8,919.74 | 9,516.95 | 9,553.20 | 10,176.10 | 10,627.40 | 12,932.90 |
| Change (%) | -12.76% | -6.63% | -0.38% | - | +6.52% | +11.24% | +35.38% |
| Change | -1,219.10 | -633.46 | -36.25 | - | +622.90 | +1,074.20 | +3,379.70 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,883.53 | 9,184.27 | 9,421.33 | 9,722.07 | 9,959.13 | 10,259.87 | 10,496.93 |
| Camarilla | 9,510.51 | 9,559.80 | 9,609.10 | 9,658.40 | 9,707.70 | 9,757.00 | 9,806.30 |
| Woodie | 8,851.70 | 9,168.35 | 9,389.50 | 9,706.15 | 9,927.30 | 10,243.95 | 10,465.10 |
| Fibonacci | 9,184.27 | 9,389.71 | 9,516.63 | 9,722.07 | 9,927.51 | 10,054.43 | 10,259.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,328.17 | 8,840.63 | 9,256.07 | 9,768.53 | 10,183.97 | 10,696.43 | 11,111.87 |
| Camarilla | 9,416.33 | 9,501.39 | 9,586.44 | 9,671.50 | 9,756.56 | 9,841.62 | 9,926.67 |
| Woodie | 8,279.65 | 8,816.37 | 9,207.55 | 9,744.28 | 10,135.45 | 10,672.18 | 11,063.35 |
| Fibonacci | 8,840.63 | 9,195.09 | 9,414.08 | 9,768.53 | 10,122.99 | 10,341.98 | 10,696.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,903.28 | 5,881.93 | 7,607.71 | 8,586.36 | 10,312.14 | 11,290.79 | 13,016.57 |
| Camarilla | 8,589.78 | 8,837.69 | 9,085.59 | 9,333.50 | 9,581.41 | 9,829.31 | 10,077.22 |
| Woodie | 5,276.86 | 6,068.71 | 7,981.29 | 8,773.14 | 10,685.72 | 11,477.57 | 13,390.15 |
| Fibonacci | 5,881.93 | 6,915.02 | 7,553.26 | 8,586.36 | 9,619.45 | 10,257.70 | 11,290.79 |
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): | 49.11 | |
| MACD (12,26,9): | 132.1100 | |
| Directional Movement: | 3.92 | |
| AROON (14): | -42.85 | |
| DEMA (21): | 9,958.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,025.54 | |
| Elder Ray (13): | -179.43 | |
| Super Trend (3,10): | 9,320.32 | |
| Zig ZAG (10): | 9,560.10 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 32.71 | |
| TEMA (21): | 9,773.37 | |
| Williams %R (14): | -82.22 | |
| Chande Momentum Oscillator (20): | -684.90 | |
| Repulse (5,40,3): | -1.6900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3700 | |
| Courbe Coppock: | 5.77 |
| MA7: | 9,682.27 | |
| MA20: | 9,909.91 | |
| MA50: | 9,210.12 | |
| MA100: | 8,270.96 | |
| MAexp7: | 9,724.26 | |
| MAexp20: | 9,718.86 | |
| MAexp50: | 9,246.63 | |
| MAexp100: | 8,866.57 | |
| Price / MA7: | -1.33% | |
| Price / MA20: | -3.60% | |
| Price / MA50: | +3.73% | |
| Price / MA100: | +15.50% | |
| Price / MAexp7: | -1.76% | |
| Price / MAexp20: | -1.70% | |
| Price / MAexp50: | +3.32% | |
| Price / MAexp100: | +7.74% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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