BITCOIN GOLD - BTG/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	BTGUSD
ISIN:

BITCOIN GOLD - BTG/USD - Daily - Technical analysis published on 02/21/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 17.53 USD

My targets

21.24 USD (+8.31%)

26.22 USD (+33.71%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BITCOIN GOLD - BTG/USD as long as the price remains well above 17.53 USD. The buyers' bullish objective is set at 21.24 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 26.22 USD. If there is any crossing, the next objective would be the resistance located at 31.47 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.4

Comment on the 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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN GOLD - BTG/USD rating is 19.61 USD. The price registered an increase of +8.10% on the session and was between 17.71 USD and 20.34 USD. This implies that the price is at +10.73% from its lowest and at -3.59% from its highest.

17.71

20.34

19.61

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.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of BITCOIN GOLD - BTG/USD in Daily shows a strongly overall 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, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.47	15.00	17.53	19.61	21.24	26.22	31.47
Change (%)	-31.31%	-23.51%	-10.61%	-	+8.31%	+33.71%	+60.48%
Change	-6.14	-4.61	-2.08	-	+1.63	+6.61	+11.86
Level	Minor	Major	Intermediate	-	Minor	Intermediate	Minor

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	12.27	13.56	15.85	17.14	19.43	20.72	23.01
Camarilla	17.16	17.48	17.81	18.14	18.47	18.80	19.13
Woodie	12.77	13.81	16.35	17.39	19.93	20.97	23.51
Fibonacci	13.56	14.93	15.77	17.14	18.51	19.35	20.72

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.01	12.53	15.06	16.58	19.11	20.63	23.16
Camarilla	16.48	16.85	17.22	17.59	17.96	18.33	18.70
Woodie	11.52	12.78	15.57	16.83	19.62	20.88	23.67
Fibonacci	12.53	14.08	15.03	16.58	18.13	19.08	20.63

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.55	5.80	10.69	14.94	19.83	24.08	28.97
Camarilla	13.08	13.91	14.75	15.59	16.43	17.27	18.10
Woodie	1.88	5.96	11.02	15.10	20.16	24.24	29.30
Fibonacci	5.80	9.29	11.45	14.94	18.43	20.59	24.08

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):	66.13
MACD (12,26,9):	0.5400
Directional Movement:	1.43
AROON (14):	57.14
DEMA (21):	17.80
Parabolic SAR (0,02-0,02-0,2):	14.05
Elder Ray (13):	1.62
Super Trend (3,10):	14.25
Zig ZAG (10):	19.55
VORTEX (21):	1.0600
Stochastique (14,3,5):	87.27
TEMA (21):	17.93
Williams %R (14):	-12.56
Chande Momentum Oscillator (20):	2.44
Repulse (5,40,3):	19.6200
ROCnROLL:	1
TRIX (15,9):	0.3100
Courbe Coppock:	9.28

MA7:	17.68
MA20:	17.02
MA50:	16.01
MA100:	14.98
MAexp7:	17.86
MAexp20:	17.09
MAexp50:	16.27
MAexp100:	16.14
Price / MA7:	+10.92%
Price / MA20:	+15.22%
Price / MA50:	+22.49%
Price / MA100:	+30.91%
Price / MAexp7:	+9.80%
Price / MAexp20:	+14.75%
Price / MAexp50:	+20.53%
Price / MAexp100:	+21.50%

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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