BITCOIN - BTC/USD - Daily - Technical analysis published on 07/28/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 63,994.06 USD
My targets
73,117.83 USD (+8.37%)
My analysis
BITCOIN - BTC/USD 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 63,994.06 USD. The next resistance located at 73,117.83 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum.
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
0
10
6.6
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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 67,471.02 USD. The price is lower by -0.63% since the last closing with the lowest point at 67,071.49 USD and the highest point at 68,279.20 USD. The deviation from the price is +0.60% for the low point and -1.18% for the high point.67,071.49
68,279.20
67,471.02
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BITCOIN - BTC/USD indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Daily
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : Daily
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
ProTrendLines | 50,742.68 | 58,274.94 | 63,994.06 | 67,471.02 | 67,554.70 | 73,117.83 |
Change (%) | -24.79% | -13.63% | -5.15% | - | +0.12% | +8.37% |
Change | -16,728.34 | -9,196.08 | -3,476.96 | - | +83.68 | +5,646.81 |
Level | Minor | Major | Intermediate | - | 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 | 63,862.66 | 65,275.00 | 66,587.82 | 68,000.16 | 69,312.98 | 70,725.32 | 72,038.14 |
Camarilla | 67,151.21 | 67,401.02 | 67,650.82 | 67,900.63 | 68,150.44 | 68,400.24 | 68,650.05 |
Woodie | 63,812.89 | 65,250.12 | 66,538.05 | 67,975.28 | 69,263.21 | 70,700.44 | 71,988.37 |
Fibonacci | 65,275.00 | 66,316.01 | 66,959.15 | 68,000.16 | 69,041.17 | 69,684.31 | 70,725.32 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 58,453.74 | 60,947.87 | 64,424.25 | 66,918.38 | 70,394.76 | 72,888.89 | 76,365.27 |
Camarilla | 66,258.74 | 66,806.04 | 67,353.33 | 67,900.63 | 68,447.93 | 68,995.22 | 69,542.52 |
Woodie | 58,944.87 | 61,193.43 | 64,915.38 | 67,163.94 | 70,885.89 | 73,134.45 | 76,856.40 |
Fibonacci | 60,947.87 | 63,228.61 | 64,637.65 | 66,918.38 | 69,199.12 | 70,608.16 | 72,888.89 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 45,746.50 | 52,126.87 | 57,406.44 | 63,786.81 | 69,066.38 | 75,446.75 | 80,726.32 |
Camarilla | 59,479.54 | 60,548.36 | 61,617.19 | 62,686.02 | 63,754.85 | 64,823.68 | 65,892.50 |
Woodie | 45,196.11 | 51,851.67 | 56,856.05 | 63,511.61 | 68,515.99 | 75,171.55 | 80,175.93 |
Fibonacci | 52,126.87 | 56,580.96 | 59,332.71 | 63,786.81 | 68,240.90 | 70,992.65 | 75,446.75 |
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): | 61.22 | |
MACD (12,26,9): | 1,569.0100 | |
Directional Movement: | 9.23 | |
AROON (14): | 92.86 | |
DEMA (21): | 66,674.85 | |
Parabolic SAR (0,02-0,02-0,2): | 63,561.41 | |
Elder Ray (13): | 1,797.33 | |
Super Trend (3,10): | 60,798.49 | |
Zig ZAG (10): | 67,471.79 | |
VORTEX (21): | 1.2200 | |
Stochastique (14,3,5): | 85.77 | |
TEMA (21): | 68,413.42 | |
Williams %R (14): | -22.19 | |
Chande Momentum Oscillator (20): | 2,397.47 | |
Repulse (5,40,3): | 1.0200 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.2700 | |
Courbe Coppock: | 23.92 |
MA7: | 66,852.83 | |
MA20: | 63,947.14 | |
MA50: | 63,404.46 | |
MA100: | 64,555.79 | |
MAexp7: | 66,913.85 | |
MAexp20: | 64,931.20 | |
MAexp50: | 64,063.96 | |
MAexp100: | 63,507.36 | |
Price / MA7: | +0.92% | |
Price / MA20: | +5.51% | |
Price / MA50: | +6.41% | |
Price / MA100: | +4.52% | |
Price / MAexp7: | +0.83% | |
Price / MAexp20: | +3.91% | |
Price / MAexp50: | +5.32% | |
Price / MAexp100: | +6.24% |
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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