BITCOIN - BTC/USD - Daily - Technical analysis published on 04/21/2024 (GMT)
- 157
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
22%
28%
50%
My opinion
Neutral between 53,507.51 USD and 67,554.70 USD
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 53,507.51 USD. The first resistance is located at 67,554.70 USD. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by BITCOIN - BTC/USD.
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.
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Additional analysis
Quotes
BITCOIN - BTC/USD rating 64,556.28 USD. On the day, this instrument lost -0.65% and was traded between 64,275.32 USD and 65,720.39 USD over the period. The price is currently at +0.44% from its lowest and -1.77% from its highest.64,275.32
65,720.39
64,556.28
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
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:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BITCOIN - BTC/USD indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
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.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 35,079.50 | 39,519.49 | 47,352.27 | 64,556.28 | 67,554.70 | 73,117.83 |
| Change (%) | -45.66% | -38.78% | -26.65% | - | +4.64% | +13.26% |
| Change | -29,476.78 | -25,036.79 | -17,204.01 | - | +2,998.42 | +8,561.55 |
| Level | Intermediate | Intermediate | Major | - | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61,302.17 | 62,225.34 | 63,602.39 | 64,525.56 | 65,902.61 | 66,825.78 | 68,202.83 |
| Camarilla | 64,346.88 | 64,557.73 | 64,768.59 | 64,979.44 | 65,190.29 | 65,401.15 | 65,612.00 |
| Woodie | 61,529.11 | 62,338.81 | 63,829.33 | 64,639.03 | 66,129.55 | 66,939.25 | 68,429.77 |
| Fibonacci | 62,225.34 | 63,104.02 | 63,646.88 | 64,525.56 | 65,404.24 | 65,947.10 | 66,825.78 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53,503.33 | 56,562.53 | 60,770.98 | 63,830.18 | 68,038.63 | 71,097.83 | 75,306.28 |
| Camarilla | 62,980.84 | 63,647.04 | 64,313.24 | 64,979.44 | 65,645.64 | 66,311.84 | 66,978.04 |
| Woodie | 54,077.97 | 56,849.84 | 61,345.62 | 64,117.49 | 68,613.27 | 71,385.14 | 75,880.92 |
| Fibonacci | 56,562.53 | 59,338.77 | 61,053.93 | 63,830.18 | 66,606.42 | 68,321.58 | 71,097.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47,823.78 | 53,507.51 | 62,412.58 | 68,096.31 | 77,001.38 | 82,685.11 | 91,590.18 |
| Camarilla | 67,305.74 | 68,643.05 | 69,980.35 | 71,317.66 | 72,654.97 | 73,992.27 | 75,329.58 |
| Woodie | 49,434.46 | 54,312.85 | 64,023.26 | 68,901.65 | 78,612.06 | 83,490.45 | 93,200.86 |
| Fibonacci | 53,507.51 | 59,080.43 | 62,523.39 | 68,096.31 | 73,669.23 | 77,112.19 | 82,685.11 |
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): | 46.20 | |
| MACD (12,26,9): | -921.2900 | |
| Directional Movement: | -6.88 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 64,940.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 68,643.81 | |
| Elder Ray (13): | -197.59 | |
| Super Trend (3,10): | 73,089.31 | |
| Zig ZAG (10): | 64,445.77 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 36.78 | |
| TEMA (21): | 63,118.80 | |
| Williams %R (14): | -62.42 | |
| Chande Momentum Oscillator (20): | -4,565.06 | |
| Repulse (5,40,3): | 2.0600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 14.07 |
| MA7: | 63,645.39 | |
| MA20: | 66,494.70 | |
| MA50: | 67,472.79 | |
| MA100: | 57,377.05 | |
| MAexp7: | 64,457.88 | |
| MAexp20: | 65,827.50 | |
| MAexp50: | 64,554.71 | |
| MAexp100: | 59,054.46 | |
| Price / MA7: | +1.43% | |
| Price / MA20: | -2.92% | |
| Price / MA50: | -4.32% | |
| Price / MA100: | +12.51% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | -1.93% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | +9.32% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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