BITCOIN - BTC/EUR

- EUR (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	BTCEUR
ISIN:

BITCOIN - BTC/EUR - Weekly - Technical analysis published on 03/18/2021 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 37,425.13 EUR

My targets

58,906.43 EUR (+20.50%)

69,647.57 EUR (+42.47%)

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 - BTC/EUR as long as the price remains well above 37,425.13 EUR. The buyers” bullish objective is set at 58,906.43 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 69,647.57 EUR. 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 j_bortolato. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

BITCOIN - BTC/EUR rating 48,884.62 EUR. Over 5 days, this instrument gained +2.10% with the lowest point at 44,631.60 EUR and the highest point at 51,594.80 EUR. The deviation from the price is +9.53% for the low point and -5.25% for the high point.

44,631.60

51,594.80

48,884.62

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Weekly chart of BITCOIN - BTC/EUR indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Weekly

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

MACD indicator: bearish divergence

Type : Bullish

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

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
ProTrendLines	16,376.30	25,125.80	33,275.50	48,884.62
Change (%)	-66.50%	-48.60%	-31.93%	-
Change	-32,508.32	-23,758.82	-15,609.12	-
Level	Major	Intermediate	Major	-

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	42,995.45	44,252.41	46,713.63	47,970.59	50,431.81	51,688.77	54,149.99
Camarilla	48,152.35	48,493.18	48,834.02	49,174.85	49,515.68	49,856.52	50,197.35
Woodie	43,597.58	44,553.48	47,315.76	48,271.66	51,033.94	51,989.84	54,752.12
Fibonacci	44,252.41	45,672.76	46,550.25	47,970.59	49,390.94	50,268.43	51,688.77

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32,921.06	36,966.88	43,595.10	47,640.92	54,269.14	58,314.96	64,943.18
Camarilla	47,287.96	48,266.41	49,244.87	50,223.32	51,201.77	52,180.23	53,158.68
Woodie	34,212.26	37,612.48	44,886.30	48,286.52	55,560.34	58,960.56	66,234.38
Fibonacci	36,966.88	41,044.36	43,563.44	47,640.92	51,718.40	54,237.48	58,314.96

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5,203.67	15,943.83	26,684.97	37,425.13	48,166.27	58,906.43	69,647.57
Camarilla	31,518.74	33,487.86	35,456.98	37,426.10	39,395.22	41,364.34	43,333.46
Woodie	5,204.15	15,944.08	26,685.45	37,425.38	48,166.75	58,906.68	69,648.05
Fibonacci	15,943.83	24,149.69	29,219.28	37,425.13	45,630.99	50,700.58	58,906.43

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):	74.61
MACD (12,26,9):	9,051.4100
Directional Movement:	31.41
AROON (14):	92.86
DEMA (21):	42,360.78
Parabolic SAR (0,02-0,02-0,2):	35,631.80
Elder Ray (13):	11,654.87
Super Trend (3,10):	27,323.58
Zig ZAG (10):	48,940.41
VORTEX (21):	1.2700
Stochastique (14,3,5):	89.17
TEMA (21):	47,653.77
Williams %R (14):	-7.73
Chande Momentum Oscillator (20):	27,320.97
Repulse (5,40,3):	19.4600
ROCnROLL:	1
TRIX (15,9):	6.2600
Courbe Coppock:	323.63

MA7:	48,614.15
MA20:	44,488.42
MA50:	39,957.27
MA100:	32,051.13
MAexp7:	42,369.66
MAexp20:	31,445.65
MAexp50:	20,983.43
MAexp100:	14,947.83
Price / MA7:	+0.56%
Price / MA20:	+9.88%
Price / MA50:	+22.34%
Price / MA100:	+52.52%
Price / MAexp7:	+15.38%
Price / MAexp20:	+55.46%
Price / MAexp50:	+132.97%
Price / MAexp100:	+227.03%

Quotes : 2021-03-18 07:23:36 - Real time data - Cryptocompare

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

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