BITCOIN - BTC/USD - Daily - Technical analysis published on 12/27/2024 (GMT)
- 162
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above
My targets
()
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BITCOIN - BTC/USD. As long as you are above the support located at , traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.7
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This analysis was given by Bibi. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD price is 96,820.08 USD. The price registered an increase of +1.19% on the session and was between 94,572.41 USD and 97,318.05 USD. This implies that the price is at +2.38% from its lowest and at -0.51% from its highest.94,572.41
97,318.05
96,820.08
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of BITCOIN - BTC/USD in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 67,552.80 | 73,118.00 | 96,657.91 | 96,820.08 | 106,144.09 |
| Change (%) | -30.23% | -24.48% | -0.17% | - | +9.63% |
| Change | -29,267.28 | -23,702.08 | -162.17 | - | +9,324.01 |
| Level | Major | Major | Intermediate | - | Intermediate |
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 | 89,116.60 | 92,110.58 | 93,895.44 | 96,889.42 | 98,674.28 | 101,668.26 | 103,453.12 |
| Camarilla | 94,366.12 | 94,804.18 | 95,242.24 | 95,680.30 | 96,118.36 | 96,556.42 | 96,994.48 |
| Woodie | 88,512.04 | 91,808.30 | 93,290.88 | 96,587.14 | 98,069.72 | 101,365.98 | 102,848.56 |
| Fibonacci | 92,110.58 | 93,936.10 | 95,063.90 | 96,889.42 | 98,714.94 | 99,842.74 | 101,668.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73,953.94 | 83,055.34 | 90,142.41 | 99,243.81 | 106,330.88 | 115,432.28 | 122,519.35 |
| Camarilla | 92,777.66 | 94,261.60 | 95,745.55 | 97,229.49 | 98,713.43 | 100,197.38 | 101,681.32 |
| Woodie | 72,946.79 | 82,551.76 | 89,135.26 | 98,740.23 | 105,323.73 | 114,928.70 | 121,512.20 |
| Fibonacci | 83,055.34 | 89,239.33 | 93,059.81 | 99,243.81 | 105,427.80 | 109,248.28 | 115,432.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 57,404.34 | 66,532.08 | 81,502.56 | 90,630.30 | 105,600.78 | 114,728.52 | 129,699.00 |
| Camarilla | 89,846.03 | 92,055.03 | 94,264.04 | 96,473.04 | 98,682.04 | 100,891.05 | 103,100.05 |
| Woodie | 60,325.71 | 67,992.77 | 84,423.93 | 92,090.99 | 108,522.15 | 116,189.21 | 132,620.37 |
| Fibonacci | 66,532.08 | 75,737.60 | 81,424.78 | 90,630.30 | 99,835.82 | 105,523.00 | 114,728.52 |
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): | 48.86 | |
| MACD (12,26,9): | 454.7900 | |
| Directional Movement: | -7.32 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 99,317.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 104,129.50 | |
| Elder Ray (13): | -2,100.41 | |
| Super Trend (3,10): | 107,340.53 | |
| Zig ZAG (10): | 96,841.14 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 31.81 | |
| TEMA (21): | 96,737.13 | |
| Williams %R (14): | -71.36 | |
| Chande Momentum Oscillator (20): | -7,633.45 | |
| Repulse (5,40,3): | 0.3400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 7.49 |
| MA7: | 96,796.95 | |
| MA20: | 99,441.95 | |
| MA50: | 95,488.60 | |
| MA100: | 80,735.44 | |
| MAexp7: | 97,382.89 | |
| MAexp20: | 98,065.83 | |
| MAexp50: | 93,257.07 | |
| MAexp100: | 84,893.22 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | -2.64% | |
| Price / MA50: | +1.39% | |
| Price / MA100: | +19.92% | |
| Price / MAexp7: | -0.58% | |
| Price / MAexp20: | -1.27% | |
| Price / MAexp50: | +3.82% | |
| Price / MAexp100: | +14.05% |
Quotes :
-
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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