BITCOIN - BTC/USD - Daily - Technical analysis published on 11/28/2024 (GMT)
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- Timeframe : Daily
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above
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 . The next resistance located at is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by LJ93612. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD price is 95,345.11 USD. The price registered a decrease of -0.64% on the session and was traded between 94,665.65 USD and 96,663.37 USD over the period. The price is currently at +0.72% from its lowest and -1.36% from its highest.94,665.65
96,663.37
95,345.11
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BITCOIN - BTC/USD in Daily 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.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 67,554.70 | 73,117.83 | 87,313.89 | 95,345.11 | 99,008.00 |
| Change (%) | -29.15% | -23.31% | -8.42% | - | +3.84% |
| Change | -27,790.41 | -22,227.28 | -8,031.22 | - | +3,662.89 |
| Level | Major | Major | Minor | - | Major |
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 | 87,075.64 | 89,418.28 | 92,688.24 | 95,030.88 | 98,300.84 | 100,643.48 | 103,913.44 |
| Camarilla | 94,414.74 | 94,929.22 | 95,443.71 | 95,958.20 | 96,472.69 | 96,987.18 | 97,501.67 |
| Woodie | 87,539.30 | 89,650.11 | 93,151.90 | 95,262.71 | 98,764.50 | 100,875.31 | 104,377.10 |
| Fibonacci | 89,418.28 | 91,562.29 | 92,886.87 | 95,030.88 | 97,174.89 | 98,499.47 | 100,643.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 80,057.17 | 84,394.36 | 91,079.70 | 95,416.89 | 102,102.23 | 106,439.42 | 113,124.76 |
| Camarilla | 94,733.83 | 95,744.23 | 96,754.63 | 97,765.03 | 98,775.43 | 99,785.83 | 100,796.23 |
| Woodie | 81,231.24 | 84,981.40 | 92,253.77 | 96,003.93 | 103,276.30 | 107,026.46 | 114,298.83 |
| Fibonacci | 84,394.36 | 88,604.97 | 91,206.29 | 95,416.89 | 99,627.50 | 102,228.82 | 106,439.42 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 65.35 | |
| MACD (12,26,9): | 5,492.0000 | |
| Directional Movement: | 14.72 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 98,047.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 98,915.80 | |
| Elder Ray (13): | 2,448.90 | |
| Super Trend (3,10): | 87,753.34 | |
| Zig ZAG (10): | 95,248.92 | |
| VORTEX (21): | 1.2400 | |
| Stochastique (14,3,5): | 59.46 | |
| TEMA (21): | 98,841.01 | |
| Williams %R (14): | -34.07 | |
| Chande Momentum Oscillator (20): | 4,824.22 | |
| Repulse (5,40,3): | -0.1400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.1400 | |
| Courbe Coppock: | 22.27 |
| MA7: | 95,851.47 | |
| MA20: | 91,505.49 | |
| MA50: | 77,641.72 | |
| MA100: | 69,200.42 | |
| MAexp7: | 94,875.31 | |
| MAexp20: | 90,447.13 | |
| MAexp50: | 81,029.49 | |
| MAexp100: | 73,889.79 | |
| Price / MA7: | -0.53% | |
| Price / MA20: | +4.20% | |
| Price / MA50: | +22.80% | |
| Price / MA100: | +37.78% | |
| Price / MAexp7: | +0.50% | |
| Price / MAexp20: | +5.42% | |
| Price / MAexp50: | +17.67% | |
| Price / MAexp100: | +29.04% |
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.
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