BITCOIN - BTC/EUR

- EUR (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	BTCEUR
ISIN:

BITCOIN - BTC/EUR - Daily - Technical analysis published on 03/17/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

56%

44%

My opinion

Bullish above 48,166.27 EUR

My targets

54,269.14 EUR (+12.02%)

58,906.43 EUR (+21.60%)

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/EUR as long as the price remains well above 48,166.27 EUR. The buyers” bullish objective is set at 54,269.14 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 58,906.43 EUR. If there is any crossing, the next objective would be the resistance located at 69,647.57 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.9

Comment on the 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 j_bortolato. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN - BTC/EUR rating is 48,443.98 EUR. The price registered an increase of +1.30% on the session with the lowest point at 45,509.37 EUR and the highest point at 48,655.58 EUR. The deviation from the price is +6.45% for the low point and -0.43% for the high point.

45,509.37

48,655.58

48,443.98

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 this Daily chart of BITCOIN - BTC/EUR indicates that the overall trend is strongly bullish. 92.86% 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.

The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

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

Price

	S3	S2	S1	Price
ProTrendLines	33,275.50	37,426.10	47,392.60	48,443.98
Change (%)	-31.31%	-22.74%	-2.17%	-
Change	-15,168.48	-11,017.88	-1,051.38	-
Level	Major	Major	Major	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	42,467.87	43,549.73	45,686.36	46,768.22	48,904.85	49,986.71	52,123.34
Camarilla	46,937.91	47,232.93	47,527.96	47,822.99	48,118.02	48,413.05	48,708.08
Woodie	42,995.26	43,813.42	46,213.75	47,031.91	49,432.24	50,250.40	52,650.73
Fibonacci	43,549.73	44,779.19	45,538.76	46,768.22	47,997.68	48,757.25	49,986.71

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32,921.06	36,966.88	43,595.10	47,640.92	54,269.14	58,314.96	64,943.18
Camarilla	47,287.96	48,266.41	49,244.87	50,223.32	51,201.77	52,180.23	53,158.68
Woodie	34,212.26	37,612.48	44,886.30	48,286.52	55,560.34	58,960.56	66,234.38
Fibonacci	36,966.88	41,044.36	43,563.44	47,640.92	51,718.40	54,237.48	58,314.96

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5,203.67	15,943.83	26,684.97	37,425.13	48,166.27	58,906.43	69,647.57
Camarilla	31,518.74	33,487.86	35,456.98	37,426.10	39,395.22	41,364.34	43,333.46
Woodie	5,204.15	15,944.08	26,685.45	37,425.38	48,166.75	58,906.68	69,648.05
Fibonacci	15,943.83	24,149.69	29,219.28	37,425.13	45,630.99	50,700.58	58,906.43

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):	63.23
MACD (12,26,9):	2,635.8600
Directional Movement:	7.41
AROON (14):	57.14
DEMA (21):	48,511.27
Parabolic SAR (0,02-0,02-0,2):	44,631.59
Elder Ray (13):	667.09
Super Trend (3,10):	41,107.07
Zig ZAG (10):	48,462.72
VORTEX (21):	1.1000
Stochastique (14,3,5):	68.51
TEMA (21):	48,814.16
Williams %R (14):	-25.91
Chande Momentum Oscillator (20):	7,416.15
Repulse (5,40,3):	5.9000
ROCnROLL:	1
TRIX (15,9):	0.8400
Courbe Coppock:	39.91

MA7:	48,397.99
MA20:	43,918.26
MA50:	39,464.46
MA100:	31,704.84
MAexp7:	47,697.47
MAexp20:	45,066.79
MAexp50:	40,038.88
MAexp100:	33,488.95
Price / MA7:	+0.10%
Price / MA20:	+10.30%
Price / MA50:	+22.75%
Price / MA100:	+52.80%
Price / MAexp7:	+1.56%
Price / MAexp20:	+7.49%
Price / MAexp50:	+20.99%
Price / MAexp100:	+44.66%

Quotes : 2021-03-17 20:15:11 - Real time data - Cryptocompare

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

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