BITCOIN BEP2 - BTCB/USD

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Change:	-
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Type:	Cryptocurrencies
Ticker:	BTCBUSD
ISIN:

BITCOIN BEP2 - BTCB/USD - 1H - Technical analysis published on 11/14/2022 (GMT)

Londinia

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Timeframe : 1H
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BITCOIN BEP2 - BTCB/USD Chart

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

33%

39%

28%

My opinion

Bearish under 16,836.90 USD

My targets

15,628.00 USD (-4.11%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BITCOIN BEP2 - BTCB/USD as long as the price remains well below 16,836.90 USD. The next bearish objective for sellers is set at 15,628.00 USD. A bearish break of this support would revive the bearish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.5

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

BITCOIN BEP2 - BTCB/USD rating 16,297.77 USD. On the day, this instrument lost -0.04% with the lowest point at 15,828.76 USD and the highest point at 17,164.62 USD. The deviation from the price is +2.96% for the low point and -5.05% for the high point.

15,828.76

17,164.62

16,297.77

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by BITCOIN BEP2 - BTCB/USD:

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

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of BITCOIN BEP2 - BTCB/USD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Downside gap

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	15,628.00	16,297.77	16,333.70	16,836.90	17,411.80
Change (%)	-4.11%	-	+0.22%	+3.31%	+6.84%
Change	-669.77	-	+35.93	+539.13	+1,114.03
Level	Intermediate	-	Intermediate	Minor	Minor

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	15,389.17	15,820.95	16,062.54	16,494.32	16,735.91	17,167.69	17,409.28
Camarilla	16,118.94	16,180.67	16,242.39	16,304.12	16,365.85	16,427.57	16,489.30
Woodie	15,294.07	15,773.40	15,967.44	16,446.77	16,640.81	17,120.14	17,314.18
Fibonacci	15,820.95	16,078.18	16,237.10	16,494.32	16,751.55	16,910.47	17,167.69

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8,747.34	12,187.67	14,486.04	17,926.37	20,224.74	23,665.07	25,963.44
Camarilla	15,206.27	15,732.32	16,258.36	16,784.41	17,310.46	17,836.51	18,362.55
Woodie	8,176.36	11,902.18	13,915.06	17,640.88	19,653.76	23,379.58	25,392.46
Fibonacci	12,187.67	14,379.85	15,734.19	17,926.37	20,118.55	21,472.89	23,665.07

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16,005.60	17,136.90	18,813.00	19,944.30	21,620.40	22,751.70	24,427.80
Camarilla	19,717.07	19,974.41	20,231.76	20,489.10	20,746.45	21,003.79	21,261.14
Woodie	16,278.00	17,273.10	19,085.40	20,080.50	21,892.80	22,887.90	24,700.20
Fibonacci	17,136.90	18,209.33	18,871.87	19,944.30	21,016.73	21,679.27	22,751.70

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):	49.91
MACD (12,26,9):	15.2600
Directional Movement:	-1.54
AROON (14):	50.00
DEMA (21):	16,536.69
Parabolic SAR (0,02-0,02-0,2):	17,164.62
Elder Ray (13):	-259.15
Super Trend (3,10):	16,127.79
Zig ZAG (10):	16,192.36
VORTEX (21):	0.9500
Stochastique (14,3,5):	32.57
TEMA (21):	16,542.58
Williams %R (14):	-99.84
Chande Momentum Oscillator (20):	-532.88
Repulse (5,40,3):	-1.4400
ROCnROLL:	2
TRIX (15,9):	0.0100
Courbe Coppock:	2.26

MA7:	16,922.59
MA20:	19,356.77
MA50:	19,388.45
MA100:	20,217.11
MAexp7:	16,499.62
MAexp20:	16,577.85
MAexp50:	16,644.79
MAexp100:	17,031.13
Price / MA7:	-3.69%
Price / MA20:	-15.80%
Price / MA50:	-15.94%
Price / MA100:	-19.39%
Price / MAexp7:	-1.22%
Price / MAexp20:	-1.68%
Price / MAexp50:	-2.08%
Price / MAexp100:	-4.30%

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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Londinia AI

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