BITTORRENT - BTT/USD - 1H - Technical analysis published on 02/24/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
BITTORRENT - BTT/USD Chart
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 0.001473 USD
My targets
0.001373 USD (-4.65%)
0.001267 USD (-12.01%)
My analysis
With a strongly bearish trend, the price of BITTORRENT - BTT/USD is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.001473 USD remains possible. It would be possible for traders to only trade short positions (for sale) on BITTORRENT - BTT/USD as long as the price remains well below 0.001473 USD. The next bearish objective for sellers is set at 0.001373 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.001267 USD. In case of crossing, the next objective would be the support located at 0.001194 USD.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by Vincent Launay.
Additional analysis
Quotes
The BITTORRENT - BTT/USD rating is 0.001440 USD. The price has increased by +6.27% since the last closing and was traded between 0.001316 USD and 0.001551 USD over the period. The price is currently at +9.42% from its lowest and -7.16% from its highest.0.001316
0.001551
0.001440
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this BITTORRENT - BTT/USD chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the global trend is slowing down. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.001194 | 0.001267 | 0.001373 | 0.001440 | 0.001473 | 0.001575 | 0.001736 |
| Change (%) | -17.08% | -12.01% | -4.65% | - | +2.29% | +9.38% | +20.56% |
| Change | -0.000246 | -0.000173 | -0.000067 | - | +0.000033 | +0.000135 | +0.000296 |
| Level | Intermediate | Major | Intermediate | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000647 | 0.000920 | 0.001138 | 0.001411 | 0.001629 | 0.001902 | 0.002120 |
| Camarilla | 0.001220 | 0.001265 | 0.001310 | 0.001355 | 0.001400 | 0.001445 | 0.001490 |
| Woodie | 0.000619 | 0.000906 | 0.001110 | 0.001397 | 0.001601 | 0.001888 | 0.002092 |
| Fibonacci | 0.000920 | 0.001108 | 0.001224 | 0.001411 | 0.001599 | 0.001715 | 0.001902 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000240 | 0.000620 | 0.001056 | 0.001436 | 0.001872 | 0.002252 | 0.002688 |
| Camarilla | 0.001268 | 0.001342 | 0.001417 | 0.001492 | 0.001567 | 0.001642 | 0.001716 |
| Woodie | 0.000268 | 0.000634 | 0.001084 | 0.001450 | 0.001900 | 0.002266 | 0.002716 |
| Fibonacci | 0.000620 | 0.000932 | 0.001124 | 0.001436 | 0.001748 | 0.001940 | 0.002252 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000033 | 0.000157 | 0.000268 | 0.000392 | 0.000503 | 0.000627 | 0.000738 |
| Camarilla | 0.000315 | 0.000337 | 0.000359 | 0.000380 | 0.000402 | 0.000423 | 0.000445 |
| Woodie | 0.000028 | 0.000154 | 0.000263 | 0.000389 | 0.000498 | 0.000624 | 0.000733 |
| Fibonacci | 0.000157 | 0.000246 | 0.000302 | 0.000392 | 0.000481 | 0.000537 | 0.000627 |
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): | 44.33 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -9.936781 | |
| AROON (14): | 21.428572 | |
| DEMA (21): | 0.001445 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.001543 | |
| Elder Ray (13): | -0.000046 | |
| Super Trend (3,10): | 0.001362 | |
| Zig ZAG (10): | 0.001389 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 19.41 | |
| TEMA (21): | 0.001465 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.000140 | |
| Repulse (5,40,3): | -5.7647 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0489 | |
| Courbe Coppock: | 6.92 |
| MA7: | 0.001498 | |
| MA20: | 0.001184 | |
| MA50: | 0.000698 | |
| MA100: | 0.000510 | |
| MAexp7: | 0.001448 | |
| MAexp20: | 0.001453 | |
| MAexp50: | 0.001476 | |
| MAexp100: | 0.001490 | |
| Price / MA7: | -3.87% | |
| Price / MA20: | +21.62% | |
| Price / MA50: | +106.30% | |
| Price / MA100: | +182.35% | |
| Price / MAexp7: | -0.55% | |
| Price / MAexp20: | -0.89% | |
| Price / MAexp50: | -2.44% | |
| Price / MAexp100: | -3.36% |
Quotes :
2021-02-24 16:36:40
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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