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 11/17/2022 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

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BITCOIN BEP2 - BTCB/USD Chart

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bearish

Technical indicators

83%

17%

My opinion

Neutral between 15,876.30 USD and 17,926.37 USD

My targets

My analysis

A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 15,876.30 USD. The first resistance is located at 17,926.37 USD. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.

In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.

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 16,622.02 USD. The price registered a decrease of -0.15% on the session and was traded between 16,418.99 USD and 16,736.30 USD over the period. The price is currently at +1.24% from its lowest and -0.68% from its highest.

16,418.99

16,736.30

16,622.02

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

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 slightly bearish. 50.00% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour

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:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	15,876.30	16,622.02	16,654.70	17,976.20	19,051.30
Change (%)	-4.49%	-	+0.20%	+8.15%	+14.61%
Change	-745.72	-	+32.68	+1,354.18	+2,429.28
Level	Major	-	Intermediate	Intermediate	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	15,787.28	16,098.55	16,372.94	16,684.21	16,958.60	17,269.87	17,544.26
Camarilla	16,486.28	16,539.97	16,593.66	16,647.34	16,701.03	16,754.71	16,808.40
Woodie	15,768.85	16,089.33	16,354.51	16,674.99	16,940.17	17,260.65	17,525.83
Fibonacci	16,098.55	16,322.27	16,460.49	16,684.21	16,907.93	17,046.15	17,269.87

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):	56.38
MACD (12,26,9):	0.0300
Directional Movement:	4.48
AROON (14):	35.72
DEMA (21):	16,582.69
Parabolic SAR (0,02-0,02-0,2):	16,415.99
Elder Ray (13):	64.15
Super Trend (3,10):	16,453.69
Zig ZAG (10):	16,664.99
VORTEX (21):	1.0500
Stochastique (14,3,5):	88.48
TEMA (21):	16,612.33
Williams %R (14):	-19.51
Chande Momentum Oscillator (20):	58.47
Repulse (5,40,3):	0.4500
ROCnROLL:	1
TRIX (15,9):	-0.0200
Courbe Coppock:	0.37

MA7:	16,681.05
MA20:	18,778.64
MA50:	19,234.14
MA100:	20,016.05
MAexp7:	16,619.88
MAexp20:	16,598.28
MAexp50:	16,633.21
MAexp100:	16,778.79
Price / MA7:	-0.35%
Price / MA20:	-11.48%
Price / MA50:	-13.58%
Price / MA100:	-16.96%
Price / MAexp7:	+0.01%
Price / MAexp20:	+0.14%
Price / MAexp50:	-0.07%
Price / MAexp100:	-0.94%

Quotes : - Real time data - Cryptocompare

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

About author

Londinia AI

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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…