BITCOIN BEP2 - BTCB/USD

Open:	-
Change:	-
Volume:	-

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

Type:	Cryptocurrencies
Ticker:	BTCBUSD
ISIN:

BITCOIN BEP2 - BTCB/USD - Daily - Technical analysis published on 07/20/2022 (GMT)

145
0
07/20/2022 - 21:11
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 : Daily
- Analysis generated on 07/20/2022 - 21:11
Status : TARGET REACHED

Download a full-size picture

BITCOIN BEP2 - BTCB/USD Chart

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bearish

Technical indicators

78%

17%

My opinion

Bearish under 24,932.07 USD

My targets

21,568.70 USD (-7.72%)

19,124.70 USD (-18.18%)

My analysis

The basic trend is bearish on BITCOIN BEP2 - BTCB/USD and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 24,932.07 USD. Buyers would then use the next resistance located at 28,549.10 USD as an objective. Crossing it would then enable buyers to target 36,985.70 USD. If there is a return to below the support located at 21,568.70 USD, this would be a sign of a reversal in the basic bearish trend.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

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 Londinia.

Additional analysis

Quotes

The BITCOIN BEP2 - BTCB/USD rating is 23,373.67 USD. On the day, this instrument lost -0.11% and was traded between 22,958.14 USD and 24,282.69 USD over the period. The price is currently at +1.81% from its lowest and -3.74% from its highest.

22,958.14

24,282.69

23,373.67

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

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of BITCOIN BEP2 - BTCB/USD indicates that the overall trend is bearish. The signals given by moving averages are at 67.86% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

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

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

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:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	19,124.70	21,568.70	23,373.67	28,549.10	36,985.70	41,338.40
Change (%)	-18.18%	-7.72%	-	+22.14%	+58.24%	+76.86%
Change	-4,248.97	-1,804.97	-	+5,175.43	+13,612.03	+17,964.73
Level	Major	Intermediate	-	Minor	Minor	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20,015.13	20,851.13	22,125.36	22,961.36	24,235.59	25,071.59	26,345.82
Camarilla	22,819.27	23,012.71	23,206.14	23,399.58	23,593.02	23,786.46	23,979.89
Woodie	20,234.24	20,960.69	22,344.47	23,070.92	24,454.70	25,181.15	26,564.93
Fibonacci	20,851.13	21,657.24	22,155.26	22,961.36	23,767.47	24,265.49	25,071.59

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16,828.17	17,865.03	19,529.47	20,566.33	22,230.77	23,267.63	24,932.07
Camarilla	20,451.04	20,698.66	20,946.28	21,193.90	21,441.52	21,689.14	21,936.76
Woodie	17,141.95	18,021.93	19,843.25	20,723.23	22,544.55	23,424.53	25,245.85
Fibonacci	17,865.03	18,896.93	19,534.44	20,566.33	21,598.23	22,235.74	23,267.63

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.80	8,831.30	14,373.60	23,166.10	28,708.40	37,500.90	43,043.20
Camarilla	15,973.83	17,287.85	18,601.88	19,915.90	21,229.92	22,543.95	23,857.97
Woodie	-1,586.30	8,018.75	12,748.50	22,353.55	27,083.30	36,688.35	41,418.10
Fibonacci	8,831.30	14,307.19	17,690.21	23,166.10	28,641.99	32,025.01	37,500.90

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):	60.68
MACD (12,26,9):	8.6400
Directional Movement:	10.98
AROON (14):	50.00
DEMA (21):	21,103.05
Parabolic SAR (0,02-0,02-0,2):	19,172.02
Elder Ray (13):	2,066.52
Super Trend (3,10):	19,827.91
Zig ZAG (10):	23,255.25
VORTEX (21):	1.1300
Stochastique (14,3,5):	88.32
TEMA (21):	22,391.12
Williams %R (14):	-18.11
Chande Momentum Oscillator (20):	1,687.78
Repulse (5,40,3):	5.9500
ROCnROLL:	-1
TRIX (15,9):	-0.3400
Courbe Coppock:	14.67

MA7:	21,798.56
MA20:	20,824.91
MA50:	22,931.93
MA100:	28,864.13
MAexp7:	22,119.28
MAexp20:	21,432.85
MAexp50:	23,406.93
MAexp100:	27,864.72
Price / MA7:	+7.23%
Price / MA20:	+12.24%
Price / MA50:	+1.93%
Price / MA100:	-19.02%
Price / MAexp7:	+5.67%
Price / MAexp20:	+9.06%
Price / MAexp50:	-0.14%
Price / MAexp100:	-16.12%

Quotes : 07/20/2022 - 21:11 - 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…