BITTORRENT - BTT/USD

Open:	-
Change:	-
Volume:	-

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

Type:	Cryptocurrencies
Ticker:	BTTUSD
ISIN:

BITTORRENT - BTT/USD - Weekly - Technical analysis published on 08/25/2021 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

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BITTORRENT - BTT/USD Chart

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 0.003254 USD

My targets

0.004346 USD (+2.22%)

0.005765 USD (+35.58%)

My analysis

The basic bullish trend is very strong on BITTORRENT - BTT/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.003254 USD. Crossing the first resistance at 0.004346 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.005765 USD as an objective. Crossing it would then enable buyers to target 0.010350 USD. Caution, a return to below 0.003254 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.1

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 AKOUSA.

Additional analysis

Quotes

BITTORRENT - BTT/USD rating 0.004252 USD. The price registered a decrease of -2.50% over 5 days and has been traded over the last 5 days between 0.004163 USD and 0.004705 USD. This implies that the 5 day price is +2.14% from its lowest point and -9.63% from its highest point.

0.004163

0.004705

0.004252

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by BITTORRENT - BTT/USD:

Technical

Technical analysis of BITTORRENT - BTT/USD in Weekly shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Weekly

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Weekly

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Weekly

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Weekly

Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	0.000785	0.001913	0.003254	0.004252	0.010350
Change (%)	-81.54%	-55.01%	-23.47%	-	+143.41%
Change	-0.003467	-0.002339	-0.000998	-	+0.006098
Level	Intermediate	Major	Intermediate	-	Major

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	0.003526	0.003797	0.003983	0.004254	0.004440	0.004711	0.004897
Camarilla	0.004044	0.004086	0.004128	0.004170	0.004212	0.004254	0.004296
Woodie	0.003485	0.003776	0.003942	0.004233	0.004399	0.004690	0.004856
Fibonacci	0.003797	0.003971	0.004079	0.004254	0.004428	0.004536	0.004711

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.003050	0.003513	0.003955	0.004418	0.004860	0.005323	0.005765
Camarilla	0.004147	0.004230	0.004313	0.004396	0.004479	0.004562	0.004645
Woodie	0.003039	0.003508	0.003944	0.004413	0.004849	0.005318	0.005754
Fibonacci	0.003513	0.003859	0.004073	0.004418	0.004764	0.004978	0.005323

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.001106	0.001507	0.002186	0.002587	0.003266	0.003667	0.004346
Camarilla	0.002569	0.002668	0.002767	0.002866	0.002965	0.003064	0.003163
Woodie	0.001246	0.001577	0.002326	0.002657	0.003406	0.003737	0.004486
Fibonacci	0.001507	0.001919	0.002174	0.002587	0.002999	0.003254	0.003667

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	55.18
MACD (12,26,9):	0.0002
Directional Movement:	15.143106
AROON (14):	-35.714287
DEMA (21):	0.004060
Parabolic SAR (0,02-0,02-0,2):	0.006100
Elder Ray (13):	0.000623
Super Trend (3,10):	0.005849
Zig ZAG (10):	0.004261
VORTEX (21):	1.0109
Stochastique (14,3,5):	61.56
TEMA (21):	0.003727
Williams %R (14):	-23.44
Chande Momentum Oscillator (20):	0.000286
Repulse (5,40,3):	14.5109
ROCnROLL:	1
TRIX (15,9):	1.3418
Courbe Coppock:	48.77

MA7:	0.004359
MA20:	0.004300
MA50:	0.003238
MA100:	0.003305
MAexp7:	0.003861
MAexp20:	0.003655
MAexp50:	0.002839
MAexp100:	0.002017
Price / MA7:	-2.45%
Price / MA20:	-1.12%
Price / MA50:	+31.32%
Price / MA100:	+28.65%
Price / MAexp7:	+10.13%
Price / MAexp20:	+16.33%
Price / MAexp50:	+49.77%
Price / MAexp100:	+110.81%

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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