Challenges{SCX-Moving Average}
{SCX-Oscillator}
{SCX-PivotPoints}
Technical analysis for BTCUSD
The analysis shows a variety of moving averages and oscillators, and an overall buy/sell score based on the combination of all the indicators. All the figures update live based on each new market tick.
The moving averages combine traditional calculations (EMA, SMA) with averages which are designed to respond more quickly to changes in price, and to track the current price more closely (Hull, Arnaud Legoux). The table is colour-coded based on whether the current price is above (bullish) or below (bearish) each moving average.
The oscillators track over-bought and over-sold conditions. For example, a value of 80+ on the Stochastic oscillator is traditionally regarded as an over-bought signal, and therefore bearish.
The technical analysis also shows daily pivot points using a variety of popular calculations. If the current price has breached a support level, then that is considered as bearish. Conversely, the analysis regards it as bullish if the price is above a resistance level.
You can change the periods which are used for moving averages, and for oscillators. Adding more moving averages will change their weight in the total score compared to the oscillators. Conversely, adding or removing oscillators will change their contribution to the overall score relative to the moving averages.
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About BTCUSD
The BTCUSD pair is the abbreviation of Bitcoin against the US Dollar. Bitcoin is the cryptocurrency that has the biggest nominal market price and the largest market capitalization. It is considered the main Cryptocurrency whie all other digital currencies are treated as Alternative Coins (altcoins). BTC is commonly valued in terms of the world's reserve currency, the US dollar (USD). Volatility has constant presence in the BTCUSD valuations, with prices fluctuations of 5% or 10% of the value within a 24 hour period. BTC is in its infancy compared to the USD with high skepticism amongst traders as the digital currency has limited supply and the regulatory status is yet to be defined. Questions about its security have also been raised. While traditional currency market influences such as central bank decissions or economic news do not affect BTC directly, the USD remains subject to all of these factors and it can affect the pair.