10 months ago
47
In this article, we will evaluate the Bitcoin market in 5 stages (5 → 1: strong → weak) using 1) pattern analysis, 2) moving average line (9MA, 25MA), 3) Ichimoku Kinko Hyo, 4) Bollinger Bands, 5) MACD, and 6) RSI using six typical types of technical analysis. The strength and weakness of the market is evaluated based on the average.
I believe that fixed point observation and objectivity are important in technical analysis. The aim is to eliminate arbitrariness and increase accuracy by combining multiple representative analysis methods.
summary
The overall score is 4.2. Last time, the price was in a flat range at 3.3 with a sense of direction, but there were some signs indicating a resumption of the uptrend, but this time, those signs were clearly lit, resulting in a strong number. However, there are faint signs that suggest a pause in the rise, and it is difficult to decide whether the strong signs are suggesting a further rise, or whether the signs indicate that the rise has already ended and an afterimage remains.
In addition, here we use the chart of BTCJPY from Rakuten Wallet’s margin exchange. BTCUSD Please refer to the chart here (link is to TradingView’s website).
pattern analysis
Breaking above the flat range and forming a new upward channel. However, it looks like he is going to cut into the support at his feet. However, even if the price breaks below this channel, the upper limit of the range, 6.55 million yen, will likely serve as support.
Rating: 3
moving average line
A golden cross was formed at the beginning of the year, with both lines turning upwards and in a strong shape.
Rating: 5
Ichimoku Kinko Hyo
Well supported by the upper limit of Ichimoku’s cloud, the buy signal for a three-way turnaround is lit again.
Rating 5
bollinger bands
The band is an expansion. Band walk has started and a strong uptrend has occurred. However, the shadow lines under her feet may indicate a break from bandwalking.
Rating: 4
MACD
A golden cross has occurred, and both lines have turned upward and are in a strong shape.
Rating: 5
RSI
Around 60 with no sense of direction.
Rating: 3
Rating
*This article is a reprint of the Rakuten Wallet technical report.
*This article provides information for reference when making investment decisions, but is not intended to recommend stocks or solicit investment activities. Furthermore, Rakuten Wallet does not solicit investments or make definitive predictions.
*The information sent may include future predictions, but it is the opinion of the individual sender, and its accuracy and reliability are not guaranteed. Please make your own final investment decisions.
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