BITCOIN - BTC/USD - Weekly - Technical analysis published on 07/22/2024 (GMT)
- 114
- 0
- Timeframe : Weekly
- - Analysis generated on
- Status : IN PROGRESS...
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above
My targets
()
My analysis
The basic bullish trend is very strong on BITCOIN - BTC/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above . Crossing the first resistance at would be a sign of a potential new surge in the price. Caution, a return to below would be a sign of a consolidation phase in the short-term basic trend. 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
6.4
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This analysis was given by world script ltda. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 67,068.54 USD. The price is up +3.05% over 5 days and has been traded over the last 5 days between 63,237.54 USD and 68,493.24 USD. This implies that the 5 day price is +6.06% from its lowest point and -2.08% from its highest point.63,237.54
68,493.24
67,068.54
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
![Central Gaps Central Gaps](/medias/screeners/logo/CentralGaps.png)
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:
![Central Records Central Records](/medias/screeners/logo/CentralRecords.png)
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this BITCOIN - BTC/USD chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Weekly
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
MACD indicator: bearish divergence
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
![Central Patterns Central Patterns](/medias/screeners/logo/CentralPatterns.png)
Near horizontal resistance
Type : Bearish
Timeframe : Weekly
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
![Central Candlesticks Central Candlesticks](/medias/screeners/logo/CentralCandlesticks.png)
Bearish harami
Type : Bearish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
R2
Price
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
ProTrendLines | 35,079.50 | 47,352.27 | 58,274.94 | 67,068.54 | 67,554.70 | 73,117.83 |
Change (%) | -47.70% | -29.40% | -13.11% | - | +0.72% | +9.02% |
Change | -31,989.04 | -19,716.27 | -8,793.60 | - | +486.16 | +6,049.29 |
Level | Intermediate | Minor | Major | - | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 64,052.02 | 64,949.97 | 66,562.46 | 67,460.41 | 69,072.90 | 69,970.85 | 71,583.34 |
Camarilla | 67,484.57 | 67,714.69 | 67,944.82 | 68,174.94 | 68,405.06 | 68,635.19 | 68,865.31 |
Woodie | 64,409.28 | 65,128.61 | 66,919.72 | 67,639.05 | 69,430.16 | 70,149.49 | 71,940.60 |
Fibonacci | 64,949.97 | 65,908.96 | 66,501.43 | 67,460.41 | 68,419.40 | 69,011.87 | 69,970.85 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 53,438.30 | 56,366.54 | 61,764.97 | 64,693.21 | 70,091.64 | 73,019.88 | 78,418.31 |
Camarilla | 64,873.57 | 65,636.84 | 66,400.12 | 67,163.40 | 67,926.68 | 68,689.96 | 69,453.23 |
Woodie | 54,673.40 | 56,984.09 | 63,000.07 | 65,310.76 | 71,326.74 | 73,637.43 | 79,653.41 |
Fibonacci | 56,366.54 | 59,547.33 | 61,512.42 | 64,693.21 | 67,874.00 | 69,839.09 | 73,019.88 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 43,402.24 | 50,954.73 | 56,820.38 | 64,372.87 | 70,238.52 | 77,791.01 | 83,656.66 |
Camarilla | 58,996.03 | 60,226.03 | 61,456.02 | 62,686.02 | 63,916.02 | 65,146.01 | 66,376.01 |
Woodie | 42,558.81 | 50,533.02 | 55,976.95 | 63,951.16 | 69,395.09 | 77,369.30 | 82,813.23 |
Fibonacci | 50,954.73 | 56,080.46 | 59,247.14 | 64,372.87 | 69,498.60 | 72,665.28 | 77,791.01 |
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): | 59.35 | |
MACD (12,26,9): | 3,706.5900 | |
Directional Movement: | 4.71 | |
AROON (14): | -28.57 | |
DEMA (21): | 68,134.46 | |
Parabolic SAR (0,02-0,02-0,2): | 69,273.60 | |
Elder Ray (13): | 3,256.33 | |
Super Trend (3,10): | 52,142.70 | |
Zig ZAG (10): | 66,965.16 | |
VORTEX (21): | 1.1100 | |
Stochastique (14,3,5): | 61.55 | |
TEMA (21): | 66,083.88 | |
Williams %R (14): | -27.15 | |
Chande Momentum Oscillator (20): | 2,931.16 | |
Repulse (5,40,3): | 7.8500 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 1.3800 | |
Courbe Coppock: | 4.52 |
MA7: | 66,050.63 | |
MA20: | 61,133.92 | |
MA50: | 63,782.53 | |
MA100: | 64,362.45 | |
MAexp7: | 64,426.08 | |
MAexp20: | 62,276.20 | |
MAexp50: | 52,791.07 | |
MAexp100: | 43,818.51 | |
Price / MA7: | +1.54% | |
Price / MA20: | +9.71% | |
Price / MA50: | +5.15% | |
Price / MA100: | +4.20% | |
Price / MAexp7: | +4.10% | |
Price / MAexp20: | +7.70% | |
Price / MAexp50: | +27.05% | |
Price / MAexp100: | +53.06% |
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.
About author
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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