BITCOIN - BTC/USD - Weekly - Technical analysis published on 04/26/2024 (GMT)
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- 0
- Timeframe : Weekly
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above
My targets
()
()
My analysis
The bullish trend is currently very strong on BITCOIN - BTC/USD. As long as the price remains above the support at , you could try to benefit from the boom. The first bullish objective is located at . The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
0
10
7.9
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This analysis was given by Muhahaha. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 64,440.56 USD. Over 5 days, this instrument lost -0.83% and has been traded over the last 5 days between 63,568.45 USD and 67,248.77 USD. This implies that the 5 day price is +1.37% from its lowest point and -4.18% from its highest point.63,568.45
67,248.77
64,440.56
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 Weekly of this BITCOIN - BTC/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 35,079.50 | 39,519.49 | 47,352.27 | 64,440.56 | 67,554.70 | 73,117.83 |
| Change (%) | -45.56% | -38.67% | -26.52% | - | +4.83% | +13.47% |
| Change | -29,361.06 | -24,921.07 | -17,088.29 | - | +3,114.14 | +8,677.27 |
| Level | Intermediate | Major | 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 | 60,540.92 | 61,650.08 | 63,070.74 | 64,179.90 | 65,600.56 | 66,709.72 | 68,130.38 |
| Camarilla | 63,795.71 | 64,027.61 | 64,259.51 | 64,491.41 | 64,723.31 | 64,955.21 | 65,187.11 |
| Woodie | 60,696.68 | 61,727.96 | 63,226.50 | 64,257.78 | 65,756.32 | 66,787.60 | 68,286.14 |
| Fibonacci | 61,650.08 | 62,616.47 | 63,213.51 | 64,179.90 | 65,146.29 | 65,743.33 | 66,709.72 |
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 | 50,481.77 | 55,633.89 | 63,475.78 | 68,627.90 | 76,469.79 | 81,621.91 | 89,463.80 |
| Camarilla | 67,744.31 | 68,935.43 | 70,126.54 | 71,317.66 | 72,508.78 | 73,699.90 | 74,891.01 |
| Woodie | 51,826.65 | 56,306.33 | 64,820.66 | 69,300.34 | 77,814.67 | 82,294.35 | 90,808.68 |
| Fibonacci | 55,633.89 | 60,597.61 | 63,664.19 | 68,627.90 | 73,591.62 | 76,658.20 | 81,621.91 |
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): | 69.86 | |
| MACD (12,26,9): | 8,554.0000 | |
| Directional Movement: | 17.92 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 67,593.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 57,525.02 | |
| Elder Ray (13): | 3,877.64 | |
| Super Trend (3,10): | 52,142.70 | |
| Zig ZAG (10): | 64,487.44 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 75.29 | |
| TEMA (21): | 70,996.14 | |
| Williams %R (14): | -26.39 | |
| Chande Momentum Oscillator (20): | 21,900.71 | |
| Repulse (5,40,3): | 1.6500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 2.9000 | |
| Courbe Coppock: | 112.66 |
| MA7: | 65,203.29 | |
| MA20: | 66,007.10 | |
| MA50: | 67,446.48 | |
| MA100: | 58,517.76 | |
| MAexp7: | 64,953.78 | |
| MAexp20: | 56,565.56 | |
| MAexp50: | 44,800.46 | |
| MAexp100: | 37,729.51 | |
| Price / MA7: | -1.17% | |
| Price / MA20: | -2.37% | |
| Price / MA50: | -4.46% | |
| Price / MA100: | +10.12% | |
| Price / MAexp7: | -0.79% | |
| Price / MAexp20: | +13.92% | |
| Price / MAexp50: | +43.84% | |
| Price / MAexp100: | +70.80% |
Quotes :
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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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