BITSHARES - BTS/USDT - Daily - Technical analysis published on 12/04/2019 (GMT)
- 214
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 0.023267 USDT
My targets
0.019720 USDT (-2.38%)
My analysis
BITSHARES - BTS/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.023267 USDT. The next support located at 0.019720 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
0
10
7.7
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITSHARES - BTS/USDT rating is 0.020200 USDT. The price registered an increase of +0.55% on the session and was traded between 0.019500 USDT and 0.020620 USDT over the period. The price is currently at +3.59% from its lowest and -2.04% from its highest.0.019500
0.020620
0.020200
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this BITSHARES - BTS/USDT chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is moderate given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.019720 | 0.020200 | 0.029636 | 0.039722 | 0.058234 |
| Change (%) | -2.38% | - | +46.71% | +96.64% | +188.29% |
| Change | -0.000480 | - | +0.009436 | +0.019522 | +0.038034 |
| Level | Intermediate | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.019243 | 0.019537 | 0.019813 | 0.020107 | 0.020383 | 0.020677 | 0.020953 |
| Camarilla | 0.019933 | 0.019986 | 0.020038 | 0.020090 | 0.020142 | 0.020195 | 0.020247 |
| Woodie | 0.019235 | 0.019533 | 0.019805 | 0.020103 | 0.020375 | 0.020673 | 0.020945 |
| Fibonacci | 0.019537 | 0.019754 | 0.019889 | 0.020107 | 0.020324 | 0.020459 | 0.020677 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.015473 | 0.017057 | 0.019033 | 0.020617 | 0.022593 | 0.024177 | 0.026153 |
| Camarilla | 0.020031 | 0.020357 | 0.020684 | 0.021010 | 0.021336 | 0.021663 | 0.021989 |
| Woodie | 0.015670 | 0.017155 | 0.019230 | 0.020715 | 0.022790 | 0.024275 | 0.026350 |
| Fibonacci | 0.017057 | 0.018417 | 0.019257 | 0.020617 | 0.021977 | 0.022817 | 0.024177 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.004873 | 0.011757 | 0.016383 | 0.023267 | 0.027893 | 0.034777 | 0.039403 |
| Camarilla | 0.017845 | 0.018900 | 0.019955 | 0.021010 | 0.022065 | 0.023120 | 0.024175 |
| Woodie | 0.003745 | 0.011193 | 0.015255 | 0.022703 | 0.026765 | 0.034213 | 0.038275 |
| Fibonacci | 0.011757 | 0.016154 | 0.018870 | 0.023267 | 0.027664 | 0.030380 | 0.034777 |
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): | 32.93 | |
| MACD (12,26,9): | -0.0017 | |
| Directional Movement: | -28.275235 | |
| AROON (14): | -35.714287 | |
| DEMA (21): | 0.019958 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.022200 | |
| Elder Ray (13): | -0.001229 | |
| Super Trend (3,10): | 0.023782 | |
| Zig ZAG (10): | 0.020300 | |
| VORTEX (21): | 0.7490 | |
| Stochastique (14,3,5): | 26.26 | |
| TEMA (21): | 0.019427 | |
| Williams %R (14): | -69.14 | |
| Chande Momentum Oscillator (20): | -0.000600 | |
| Repulse (5,40,3): | -0.3726 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.9886 | |
| Courbe Coppock: | 29.13 |
| MA7: | 0.020719 | |
| MA20: | 0.022165 | |
| MA50: | 0.025376 | |
| MA100: | 0.028248 | |
| MAexp7: | 0.020593 | |
| MAexp20: | 0.022168 | |
| MAexp50: | 0.025001 | |
| MAexp100: | 0.029478 | |
| Price / MA7: | -2.50% | |
| Price / MA20: | -8.87% | |
| Price / MA50: | -20.40% | |
| Price / MA100: | -28.49% | |
| Price / MAexp7: | -1.91% | |
| Price / MAexp20: | -8.88% | |
| Price / MAexp50: | -19.20% | |
| Price / MAexp100: | -31.47% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis BITSHARES - BTS/USDT - Daily