BTCUSD Forecast and Technical Stock AnalysisSell candidate since 2019-07-16 Gain 1.52%
Bitcoin / Dollar gained 1.52% in the last trading day ( Wednesday, 17th Jul 2019 ), rising from $9 546.28 to $9 691.04 During day the stock fluctuated 9.86% from a day low at $9 086.51 to a day high of $9 982.24. The price has been going up and down for this period, and there has been a -15.94% loss for the last 2 weeks. Volume fell in the last day by -90.02 million shares, and in total, 869.48 million shares bought and sold for approximately $8 426 160.00 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the BTCUSD stock price was $13 804.74 and low was $8 941.83.
- 90 day high was $13 804.74 and low was $5 031.69.
- 52 week high for the Bitcoin / Dollar - $21 348.66 and low - $2 516.36.
Bitcoin / Dollar lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $9 623.65 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the is expected to rise 96.92% during the next 3 months and, with 90% probability hold a price between $18 950.89 and $27 860.13 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday July 16, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Bitcoin / Dollar holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $10 661.00 and $10 679.52. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 80 ]
RSI14 is 38 and the is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
On the downside, the finds support just below today's level from accumulated volume at $7 980.13 and $7 806.36.
There is natural risk involved when a is testing a support level, since if this is broken, the then may fall to the next support level. In this case, Bitcoin / Dollar finds support just below today's level at $7 980.13. If this is broken, then the next support from accumulated volume will be at $7 806.36 and $7 371.96.
This may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this is considered to be "high risk". During the last day, the stock moved $895.73 between high and low, or 9.86%. For the last week, the stock has had a daily average volatility of 11.36%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
11.36 %Average volatility
Very Low Low Medium High Very High
The Bitcoin / Dollar stock holds several negative signals and despite the positive trend we believe Bitcoin / Dollar will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our recommendation for this since last evaluation from a Strong Sell Candidate to a Sell Candidate.
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