BITTORRENT - BTT/USDT

Open:	-
Change:	-
Volume:	-

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

Type:	Cryptocurrencies
Ticker:	BTTUSDT
ISIN:

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

298
0
12/07/2021 - 17:17
0

Londinia

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!

Timeframe : Weekly
- Analysis generated on 12/07/2021 - 17:17
Status : TARGET REACHED

Download a full-size picture

BITTORRENT - BTT/USDT Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

28%

My opinion

Bullish above 0.002967 USDT

My targets

0.004155 USDT (+6.24%)

0.004933 USDT (+26.13%)

My analysis

The bullish trend is currently very strong on BITTORRENT - BTT/USDT. As long as the price remains above the support at 0.002967 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.004155 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.004933 USDT as an objective. Crossing it would then enable buyers to target 0.010290 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

6.6

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 price is 0.003911 USDT. The price is up +24.51% over 5 days and has been traded over the last 5 days between 0.002166 USDT and 0.003183 USDT. This implies that the 5 day price is +80.56% from its lowest point and +22.87% from its highest point.

0.002166

0.003183

0.003911

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

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

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of this Weekly chart of BITTORRENT - BTT/USDT indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being 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 does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

MACD indicator is back under 0

Type : Bearish

Timeframe : Weekly

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Weekly

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.000569	0.001972	0.002967	0.003911	0.004155	0.004933	0.010290
Change (%)	-85.45%	-49.58%	-24.14%	-	+6.24%	+26.13%	+163.10%
Change	-0.003342	-0.001939	-0.000944	-	+0.000244	+0.001022	+0.006379
Level	Minor	Major	Minor	-	Intermediate	Major	Major

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	0.001505	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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	52.58
MACD (12,26,9):	0.0000
Directional Movement:	5.124419
AROON (14):	-92.857140
DEMA (21):	0.003623
Parabolic SAR (0,02-0,02-0,2):	0.004072
Elder Ray (13):	-0.000379
Super Trend (3,10):	0.005375
Zig ZAG (10):	0.003879
VORTEX (21):	1.0100
Stochastique (14,3,5):	27.40
TEMA (21):	0.003322
Williams %R (14):	-39.77
Chande Momentum Oscillator (20):	-0.000044
Repulse (5,40,3):	23.3671
ROCnROLL:	1
TRIX (15,9):	0.1465
Courbe Coppock:	12.79

MA7:	0.003082
MA20:	0.003194
MA50:	0.003553
MA100:	0.003680
MAexp7:	0.003472
MAexp20:	0.003598
MAexp50:	0.003195
MAexp100:	0.002415
Price / MA7:	+26.90%
Price / MA20:	+22.45%
Price / MA50:	+10.08%
Price / MA100:	+6.28%
Price / MAexp7:	+12.64%
Price / MAexp20:	+8.70%
Price / MAexp50:	+22.41%
Price / MAexp100:	+61.95%

Quotes : 12/07/2021 - 17:17 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

Online

Overall rating :

15.8k

Number of analyses :

92.9k

Followers :

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…