BITCOIN FULL0725 - Daily - Technical analysis published on 10/21/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 11,930 USD
My targets
13,215 USD (+6.23%)
14,145 USD (+13.71%)
My analysis
BITCOIN FULL1020 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 11,930 USD. The next resistance located at 13,215 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 14,145 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.6
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This analysis was given by ezggsg. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN FULL1020 price is 12,440 USD. The price registered an increase of +3.93% on the session and was between 11,960 USD and 12,475 USD. This implies that the price is at +4.01% from its lowest and at -0.28% from its highest.11,960
12,475
12,440
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this BITCOIN FULL1020 chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Daily
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 9,077 | 10,012 | 11,637 | 12,440 | 12,485 | 14,145 |
| Change (%) | -27.03% | -19.52% | -6.45% | - | +0.36% | +13.71% |
| Change | -3,363 | -2,428 | -803 | - | +45 | +1,705 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,400 | 11,570 | 11,770 | 11,940 | 12,140 | 12,310 | 12,510 |
| Camarilla | 11,868 | 11,902 | 11,936 | 11,970 | 12,004 | 12,038 | 12,072 |
| Woodie | 11,415 | 11,578 | 11,785 | 11,948 | 12,155 | 12,318 | 12,525 |
| Fibonacci | 11,570 | 11,711 | 11,799 | 11,940 | 12,081 | 12,169 | 12,310 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,542 | 10,883 | 11,122 | 11,463 | 11,702 | 12,043 | 12,282 |
| Camarilla | 11,201 | 11,254 | 11,307 | 11,360 | 11,413 | 11,466 | 11,520 |
| Woodie | 10,490 | 10,858 | 11,070 | 11,438 | 11,650 | 12,018 | 12,230 |
| Fibonacci | 10,883 | 11,105 | 11,242 | 11,463 | 11,685 | 11,822 | 12,043 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,280 | 8,565 | 9,605 | 10,890 | 11,930 | 13,215 | 14,255 |
| Camarilla | 10,006 | 10,219 | 10,432 | 10,645 | 10,858 | 11,071 | 11,284 |
| Woodie | 7,158 | 8,504 | 9,483 | 10,829 | 11,808 | 13,154 | 14,133 |
| Fibonacci | 8,565 | 9,453 | 10,002 | 10,890 | 11,778 | 12,327 | 13,215 |
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): | 68.00 | |
| MACD (12,26,9): | 281.0000 | |
| Directional Movement: | 20 | |
| AROON (14): | 93 | |
| DEMA (21): | 11,612 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,027 | |
| Elder Ray (13): | 697 | |
| Super Trend (3,10): | 10,963 | |
| Zig ZAG (10): | 12,275 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 92.00 | |
| TEMA (21): | 11,880 | |
| Williams %R (14): | -3.00 | |
| Chande Momentum Oscillator (20): | 1,535 | |
| Repulse (5,40,3): | 5.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 19.00 |
| MA7: | 11,707 | |
| MA20: | 11,156 | |
| MA50: | 11,161 | |
| MA100: | 10,567 | |
| MAexp7: | 11,780 | |
| MAexp20: | 11,318 | |
| MAexp50: | 11,023 | |
| MAexp100: | 10,555 | |
| Price / MA7: | +6.26% | |
| Price / MA20: | +11.51% | |
| Price / MA50: | +11.46% | |
| Price / MA100: | +17.72% | |
| Price / MAexp7: | +5.60% | |
| Price / MAexp20: | +9.91% | |
| Price / MAexp50: | +12.85% | |
| Price / MAexp100: | +17.86% |
Quotes :
2020-10-21 12:35:12
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10 min delayed data
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CME Globex Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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