BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - Daily - Technical analysis published on 04/20/2024 (GMT)

Timeframe : Daily
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

17%

56%

28%

My opinion

Bearish under

My targets

()

My analysis

The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for BITCOIN - BTC/USD as long as the price remains well below . The next bearish objective for sellers is set at . A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at . In case of crossing, the next objective would be the support located at . As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at . With this support, against the trend traders who want to buy BITCOIN - BTC/USD on a buy signal from their trading strategy should not hesitate to act.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by jann1414. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN - BTC/USD price is 63,772.77 USD. The price is lower by -0.12% since the last closing with the lowest point at 63,148.51 USD and the highest point at 64,222.09 USD. The deviation from the price is +0.99% for the low point and -0.70% for the high point.

63,148.51

64,222.09

63,772.77

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

A technical analysis in Daily of this BITCOIN - BTC/USD chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are bearish. There is still some doubt about the decline in the price.
The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	35,079.50	39,519.49	47,352.27	63,772.77	67,554.70	73,117.83
Change (%)	-44.99%	-38.03%	-25.75%	-	+5.93%	+14.65%
Change	-28,693.27	-24,253.28	-16,420.50	-	+3,781.93	+9,345.06
Level	Intermediate	Intermediate	Major	-	Major	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	54,615.32	57,118.52	60,482.68	62,985.88	66,350.04	68,853.24	72,217.40
Camarilla	62,233.32	62,771.16	63,309.00	63,846.84	64,384.68	64,922.52	65,460.36
Woodie	55,045.80	57,333.76	60,913.16	63,201.12	66,780.52	69,068.48	72,647.88
Fibonacci	57,118.52	59,359.85	60,744.55	62,985.88	65,227.21	66,611.91	68,853.24

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	48,657.10	55,217.92	59,613.98	66,174.80	70,570.86	77,131.68	81,527.74
Camarilla	60,996.91	62,001.29	63,005.67	64,010.05	65,014.43	66,018.81	67,023.19
Woodie	47,574.73	54,676.73	58,531.61	65,633.61	69,488.49	76,590.49	80,445.37
Fibonacci	55,217.92	59,403.45	61,989.27	66,174.80	70,360.33	72,946.15	77,131.68

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	47,823.78	53,507.51	62,412.58	68,096.31	77,001.38	82,685.11	91,590.18
Camarilla	67,305.74	68,643.05	69,980.35	71,317.66	72,654.97	73,992.27	75,329.58
Woodie	49,434.46	54,312.85	64,023.26	68,901.65	78,612.06	83,490.45	93,200.86
Fibonacci	53,507.51	59,080.43	62,523.39	68,096.31	73,669.23	77,112.19	82,685.11

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):	43.76
MACD (12,26,9):	-1,062.4400
Directional Movement:	-7.84
AROON (14):	-78.57
DEMA (21):	64,846.59
Parabolic SAR (0,02-0,02-0,2):	69,428.34
Elder Ray (13):	-1,338.85
Super Trend (3,10):	73,177.09
Zig ZAG (10):	63,275.38
VORTEX (21):	0.9100
Stochastique (14,3,5):	29.76
TEMA (21):	62,717.76
Williams %R (14):	-72.54
Chande Momentum Oscillator (20):	-8,432.51
Repulse (5,40,3):	0.7100
ROCnROLL:	2
TRIX (15,9):	-0.0900
Courbe Coppock:	14.29

MA7:	63,572.06
MA20:	66,676.94
MA50:	67,393.01
MA100:	57,144.53
MAexp7:	63,992.51
MAexp20:	65,821.46
MAexp50:	64,499.25
MAexp100:	58,917.03
Price / MA7:	+0.32%
Price / MA20:	-4.36%
Price / MA50:	-5.37%
Price / MA100:	+11.60%
Price / MAexp7:	-0.34%
Price / MAexp20:	-3.11%
Price / MAexp50:	-1.13%
Price / MAexp100:	+8.24%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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