BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

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

Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - Weekly - Technical analysis published on 11/18/2024 (GMT)

Timeframe : Weekly
- Analysis generated on
Status : WITHOUT TARGET

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 73,117.83 USD

My targets

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 73,117.83 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.

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

9.1

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 GermanM. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN - BTC/USD price is 91,743.86 USD. The price is up +4.20% over 5 days and was traded between 86,678.09 USD and 92,218.62 USD over the period. The price is currently at +5.84% from its lowest point and -0.51% from its highest point.

86,678.09

92,218.62

91,743.86

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

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

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BITCOIN - BTC/USD in Weekly shows a strongly overall bullish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

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

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

Price

	S3	S2	S1	Price
ProTrendLines	53,961.11	67,554.70	73,117.83	91,743.86
Change (%)	-41.18%	-26.37%	-20.30%	-
Change	-37,782.75	-24,189.16	-18,626.03	-
Level	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	85,885.47	87,308.51	88,589.59	90,012.63	91,293.71	92,716.75	93,997.83
Camarilla	89,127.03	89,374.91	89,622.78	89,870.66	90,118.54	90,366.42	90,614.29
Woodie	85,814.48	87,273.02	88,518.60	89,977.14	91,222.72	92,681.26	93,926.84
Fibonacci	87,308.51	88,341.49	88,979.66	90,012.63	91,045.61	91,683.78	92,716.75

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	63,347.06	69,947.06	80,273.53	86,873.53	97,200.00	103,800.00	114,126.47
Camarilla	85,945.23	87,496.82	89,048.42	90,600.01	92,151.60	93,703.20	95,254.79
Woodie	65,210.31	70,878.68	82,136.78	87,805.15	99,063.25	104,731.62	115,989.72
Fibonacci	69,947.06	76,412.97	80,407.62	86,873.53	93,339.44	97,334.09	103,800.00

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	46,822.36	52,853.11	61,530.61	67,561.36	76,238.86	82,269.61	90,947.11
Camarilla	66,163.35	67,511.61	68,859.86	70,208.12	71,556.38	72,904.63	74,252.89
Woodie	48,145.75	53,514.80	62,854.00	68,223.05	77,562.25	82,931.30	92,270.50
Fibonacci	52,853.11	58,471.66	61,942.81	67,561.36	73,179.91	76,651.06	82,269.61

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	74.18
MACD (12,26,9):	6,246.4900
Directional Movement:	21.76
AROON (14):	71.43
DEMA (21):	76,852.70
Parabolic SAR (0,02-0,02-0,2):	58,127.40
Elder Ray (13):	17,285.02
Super Trend (3,10):	68,412.17
Zig ZAG (10):	91,721.94
VORTEX (21):	1.1900
Stochastique (14,3,5):	95.27
TEMA (21):	79,615.05
Williams %R (14):	-4.26
Chande Momentum Oscillator (20):	34,423.13
Repulse (5,40,3):	21.6000
ROCnROLL:	1
TRIX (15,9):	0.6800
Courbe Coppock:	57.71

MA7:	89,901.71
MA20:	79,527.41
MA50:	70,888.68
MA100:	65,553.20
MAexp7:	79,060.67
MAexp20:	69,753.06
MAexp50:	60,600.38
MAexp100:	50,623.35
Price / MA7:	+2.05%
Price / MA20:	+15.36%
Price / MA50:	+29.42%
Price / MA100:	+39.95%
Price / MAexp7:	+16.04%
Price / MAexp20:	+31.53%
Price / MAexp50:	+51.39%
Price / MAexp100:	+81.23%

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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