BITCOIN - BTC/USD
BITCOIN - BTC/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: BTCUSD
ISIN:

BITCOIN - BTC/USD - Weekly - Technical analysis published on 04/26/2024 (GMT)

  • 139
  • 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.

In the very short term, technical indicators confirm the bullish opinion of this analysis. 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

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 Muhahaha. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Daily

Additional analysis

Quotes

BITCOIN - BTC/USD rating 64,443.18 USD. The price is lower by -0.83% over the 5 days and was traded between 63,568.45 USD and 67,248.77 USD over the period. The price is currently at +1.38% from its lowest point and -4.17% from its highest point.

63,568.45
67,248.77
64,443.18

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:

Technical


Technical analysis of this Weekly chart of BITCOIN - BTC/USD 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner found no further results concerning independent technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 35,079.50 39,519.49 47,352.27 64,443.18 67,554.70 73,117.83
Change (%) -45.57% -38.68% -26.52% - +4.83% +13.46%
Change -29,363.68 -24,923.69 -17,090.91 - +3,111.52 +8,674.65
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
Standard60,540.9261,650.0863,070.7464,179.9065,600.5666,709.7268,130.38
Camarilla63,795.7164,027.6164,259.5164,491.4164,723.3164,955.2165,187.11
Woodie60,696.6861,727.9663,226.5064,257.7865,756.3266,787.6068,286.14
Fibonacci61,650.0862,616.4763,213.5164,179.9065,146.2965,743.3366,709.72


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard53,503.3356,562.5360,770.9863,830.1868,038.6371,097.8375,306.28
Camarilla62,980.8463,647.0464,313.2464,979.4465,645.6466,311.8466,978.04
Woodie54,077.9756,849.8461,345.6264,117.4968,613.2771,385.1475,880.92
Fibonacci56,562.5359,338.7761,053.9363,830.1866,606.4268,321.5871,097.83


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard50,481.7755,633.8963,475.7868,627.9076,469.7981,621.9189,463.80
Camarilla67,744.3168,935.4370,126.5471,317.6672,508.7873,699.9074,891.01
Woodie51,826.6556,306.3364,820.6669,300.3477,814.6782,294.3590,808.68
Fibonacci55,633.8960,597.6163,664.1968,627.9073,591.6276,658.2081,621.91

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: -4.45%
Price / MA100: +10.13%
Price / MAexp7: -0.79%
Price / MAexp20: +13.93%
Price / MAexp50: +43.85%
Price / MAexp100: +70.80%

Quotes : - Real time data - Cryptocompare

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

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