BITTORRENT - BTT/USDT

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Type:	Cryptocurrencies
Ticker:	BTTUSDT
ISIN:

BITTORRENT - BTT/USDT - 1H - Technical analysis published on 12/07/2021 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

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BITTORRENT - BTT/USDT Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 0.003742 USDT

My targets

0.003950 USDT (+0.14%)

0.004155 USDT (+5.35%)

My analysis

BITTORRENT - BTT/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.003742 USDT. The next resistance located at 0.003950 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.004155 USDT. After this resistance, buyers could then target 0.004933 USDT. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.4

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 jarias81197.

Additional analysis

Quotes

The BITTORRENT - BTT/USDT rating is 0.003944 USDT. The price has increased by +17.80% since the last closing and was between 0.003158 USDT and 0.004038 USDT. This implies that the price is at +24.89% from its lowest and at -2.33% from its highest.

0.003158

0.004038

0.003944

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

A technical analysis in 1H of this BITTORRENT - BTT/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

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

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

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 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.002967	0.003210	0.003534	0.003944	0.004155	0.004933	0.010290
Change (%)	-24.77%	-18.61%	-10.40%	-	+5.35%	+25.08%	+160.90%
Change	-0.000977	-0.000734	-0.000410	-	+0.000211	+0.000989	+0.006346
Level	Minor	Intermediate	Intermediate	-	Intermediate	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.001505	0.001911	0.002631	0.003037	0.003757	0.004163	0.004883
Camarilla	0.003040	0.003144	0.003247	0.003350	0.003453	0.003556	0.003660
Woodie	0.001661	0.001990	0.002787	0.003116	0.003913	0.004242	0.005039
Fibonacci	0.001911	0.002342	0.002607	0.003037	0.003468	0.003733	0.004163

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.001021	0.001594	0.002095	0.002668	0.003169	0.003742	0.004243
Camarilla	0.002302	0.002400	0.002499	0.002597	0.002696	0.002794	0.002892
Woodie	0.000986	0.001576	0.002060	0.002650	0.003134	0.003724	0.004208
Fibonacci	0.001594	0.002004	0.002257	0.002668	0.003078	0.003331	0.003742

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.001382	0.002172	0.002666	0.003456	0.003950	0.004740	0.005234
Camarilla	0.002806	0.002924	0.003041	0.003159	0.003277	0.003394	0.003512
Woodie	0.001233	0.002098	0.002517	0.003382	0.003801	0.004666	0.005085
Fibonacci	0.002172	0.002663	0.002966	0.003456	0.003947	0.004250	0.004740

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	70.80
MACD (12,26,9):	0.0003
Directional Movement:	30.964400
AROON (14):	71.428574
DEMA (21):	0.003909
Parabolic SAR (0,02-0,02-0,2):	0.003631
Elder Ray (13):	0.000201
Super Trend (3,10):	0.003444
Zig ZAG (10):	0.003881
VORTEX (21):	1.2851
Stochastique (14,3,5):	83.02
TEMA (21):	0.004002
Williams %R (14):	-15.70
Chande Momentum Oscillator (20):	0.000690
Repulse (5,40,3):	0.9587
ROCnROLL:	1
TRIX (15,9):	1.2149
Courbe Coppock:	38.59

MA7:	0.003082
MA20:	0.003194
MA50:	0.003553
MA100:	0.003680
MAexp7:	0.003834
MAexp20:	0.003561
MAexp50:	0.003188
MAexp100:	0.003014
Price / MA7:	+27.97%
Price / MA20:	+23.48%
Price / MA50:	+11.00%
Price / MA100:	+7.17%
Price / MAexp7:	+2.87%
Price / MAexp20:	+10.76%
Price / MAexp50:	+23.71%
Price / MAexp100:	+30.86%

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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