BITCOIN - BTC/USD - Weekly - Technical analysis published on 04/26/2024 (GMT)
- 139
- 0
- Timeframe : Weekly
- - Analysis generated on
- Status : IN PROGRESS...
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
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This analysis was given by Muhahaha. Take part yourself by sharing additional analysis on another time unit:
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.
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
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
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: | -4.45% | |
Price / MA100: | +10.13% | |
Price / MAexp7: | -0.79% | |
Price / MAexp20: | +13.93% | |
Price / MAexp50: | +43.85% | |
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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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