BTCUSD Forecast and Technical Stock Analysis
Hold candidate since 2019-09-15 PDF
Bitcoin / Dollar fell by -1.35% in the last day ( Sunday, 15th Sep 2019 ) from $10 436.59 to $10 296.13 During the day the stock fluctuated 1.19% from a day low at $10 279.58 to a day high of $10 401.53. The price has fallen in 6 of the last 10 days and is down by -2.17% for this period. Volume fell in the last day along with the , which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -16.12 million shares and in total 103.92 million shares bought and sold for approximately $1 069 940.00 million.
- 30 day high of the BTCUSD stock price was $10 956.06 and low was $9 344.69.
- 90 day high was $13 804.74 and low was $8 941.83.
- 52 week high for Bitcoin / Dollar - $21 348.66 and low - $2 516.36.
Bitcoin / Dollar lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the is expected to fall -4.67% during the next 3 months and, with 90% probability hold a price between $8 137.80 and $11 439.38 at the end of this period.
Bitcoin / Dollar holds buy signals from both short- and long-term moving averages, but the has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $10 254.32 and $10 278.32. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Saturday September 14, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 80 ]
RSI14 is 62 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 behaviour.
Support & Resistance
On the downside, the finds support just below today's level from accumulated volume at $9 691.04 and $9 546.28.
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 $9 691.04. If this is broken, then the next support from accumulated volume will be at $9 546.28 and $8 963.63.
This is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the moved $121.95 (1.19%) between high and low. For the last week, the stock has had daily average volatility of 2.54%.
Our recommended stop-loss: $9 812.17 (-4.70%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 day(s) ago.)
2.54 %Average volatility
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Bitcoin / Dollar holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this since last evaluation from a Buy Candidate to a Hold/Accumulate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!