BITTORRENT - BTT/USD

Open:	-
Change:	-
Volume:	-

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

Type:	Cryptocurrencies
Ticker:	BTTUSD
ISIN:

BITTORRENT - BTT/USD - 1H - Technical analysis published on 04/15/2021 (GMT)

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Timeframe : 1H
- Analysis generated on
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BITTORRENT - BTT/USD Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

94%

My opinion

Bullish above 0.008082 USD

My targets

0.008891 USD (+5.31%)

0.009690 USD (+14.77%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BITTORRENT - BTT/USD as long as the price remains well above 0.008082 USD. The buyers” bullish objective is set at 0.008891 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.009690 USD. If there is any crossing, the next objective would be the resistance located at 0.009923 USD.

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

Force

7.3

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 Vincent Launay.

Additional analysis

Quotes

BITTORRENT - BTT/USD rating 0.008443 USD. The price has increased by +9.20% since the last closing and was traded between 0.007487 USD and 0.008593 USD over the period. The price is currently at +12.77% from its lowest and -1.75% from its highest.

0.007487

0.008593

0.008443

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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 on BITTORRENT - BTT/USD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of BITTORRENT - BTT/USD indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near support of channel

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.007328	0.007616	0.008082	0.008443	0.008891	0.009923	0.010350
Change (%)	-13.21%	-9.80%	-4.28%	-	+5.31%	+17.53%	+22.59%
Change	-0.001115	-0.000827	-0.000361	-	+0.000448	+0.001480	+0.001907
Level	Intermediate	Intermediate	Major	-	Minor	Minor	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	0.006359	0.006843	0.007288	0.007772	0.008217	0.008701	0.009146
Camarilla	0.007477	0.007562	0.007647	0.007732	0.007817	0.007902	0.007988
Woodie	0.006339	0.006833	0.007268	0.007762	0.008197	0.008691	0.009126
Fibonacci	0.006843	0.007198	0.007418	0.007772	0.008127	0.008347	0.008701

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.001055	0.002895	0.005740	0.009690	0.012535	0.016485	0.019330
Camarilla	0.006716	0.007339	0.007962	0.008585	0.009208	0.009831	0.010454
Woodie	-0.001608	0.002619	0.005188	0.009414	0.011983	0.016209	0.018778
Fibonacci	0.002895	0.005491	0.007094	0.009690	0.012286	0.013889	0.016485

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.001991	-0.000428	0.002314	0.003877	0.006619	0.008182	0.010924
Camarilla	0.003873	0.004268	0.004662	0.005057	0.005452	0.005846	0.006241
Woodie	-0.001401	-0.000133	0.002905	0.004172	0.007210	0.008477	0.011515
Fibonacci	-0.000428	0.001216	0.002232	0.003877	0.005521	0.006537	0.008182

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):	66.09
MACD (12,26,9):	0.0001
Directional Movement:	26.909067
AROON (14):	100.000000
DEMA (21):	0.008153
Parabolic SAR (0,02-0,02-0,2):	0.007858
Elder Ray (13):	0.000293
Super Trend (3,10):	0.007846
Zig ZAG (10):	0.008536
VORTEX (21):	1.1887
Stochastique (14,3,5):	86.17
TEMA (21):	0.008302
Williams %R (14):	-1.77
Chande Momentum Oscillator (20):	0.000659
Repulse (5,40,3):	6.1885
ROCnROLL:	1
TRIX (15,9):	0.1195
Courbe Coppock:	13.97

MA7:	0.008454
MA20:	0.007071
MA50:	0.003898
MA100:	0.002288
MAexp7:	0.008196
MAexp20:	0.008008
MAexp50:	0.007962
MAexp100:	0.008124
Price / MA7:	-0.13%
Price / MA20:	+19.40%
Price / MA50:	+116.60%
Price / MA100:	+269.01%
Price / MAexp7:	+3.01%
Price / MAexp20:	+5.43%
Price / MAexp50:	+6.04%
Price / MAexp100:	+3.93%

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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