BITCOIN BEP2 - BTCB/USD

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	BTCBUSD
ISIN:

BITCOIN BEP2 - BTCB/USD - Daily - Technical analysis published on 08/07/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

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BITCOIN BEP2 - BTCB/USD Chart

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

17%

56%

28%

My opinion

Bearish under 30,387.30 USD

My targets

27,476.90 USD (-5.41%)

25,134.20 USD (-13.48%)

My analysis

The strong short-term decrease of BITCOIN BEP2 - BTCB/USD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 30,387.30 USD, a sale could be considered. The first bearish objective is located at 27,476.90 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 25,134.20 USD. If there is any crossing, the next objective would be support 23,077.10 USD. Caution, if there is a return to above 30,387.30 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

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

BITCOIN BEP2 - BTCB/USD rating 29,048.64 USD. The price registered a decrease of -0.02% on the session and was between 28,988.98 USD and 29,191.12 USD. This implies that the price is at +0.21% from its lowest and at -0.49% from its highest.

28,988.98

29,191.12

29,048.64

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:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of BITCOIN BEP2 - BTCB/USD indicates that the overall trend is not clearly defined. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 10 technical indicators on 18 studied are currently positioned bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	23,077.10	25,134.20	27,476.90	29,048.64	29,188.00	30,387.30	31,455.80
Change (%)	-20.56%	-13.48%	-5.41%	-	+0.48%	+4.61%	+8.29%
Change	-5,971.54	-3,914.44	-1,571.74	-	+139.36	+1,338.66	+2,407.16
Level	Minor	Intermediate	Intermediate	-	Intermediate	Intermediate	Intermediate

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	28,753.83	28,859.62	28,956.81	29,062.60	29,159.79	29,265.58	29,362.77
Camarilla	28,998.19	29,016.80	29,035.40	29,054.01	29,072.62	29,091.22	29,109.83
Woodie	28,749.54	28,857.47	28,952.52	29,060.45	29,155.50	29,263.43	29,358.48
Fibonacci	28,859.62	28,937.16	28,985.06	29,062.60	29,140.14	29,188.04	29,265.58

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26,956.31	27,764.15	28,404.81	29,212.65	29,853.31	30,661.15	31,301.81
Camarilla	28,647.12	28,779.90	28,912.68	29,045.46	29,178.24	29,311.02	29,443.80
Woodie	26,872.71	27,722.36	28,321.21	29,170.86	29,769.71	30,619.36	31,218.21
Fibonacci	27,764.15	28,317.48	28,659.33	29,212.65	29,765.98	30,107.83	30,661.15

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25,449.37	27,165.73	28,200.17	29,916.53	30,950.97	32,667.33	33,701.77
Camarilla	28,478.13	28,730.29	28,982.44	29,234.60	29,486.76	29,738.91	29,991.07
Woodie	25,108.40	26,995.25	27,859.20	29,746.05	30,610.00	32,496.85	33,360.80
Fibonacci	27,165.73	28,216.54	28,865.73	29,916.53	30,967.34	31,616.53	32,667.33

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):	43.05
MACD (12,26,9):	-190.5800
Directional Movement:	-0.02
AROON (14):	-57.14
DEMA (21):	29,176.48
Parabolic SAR (0,02-0,02-0,2):	29,699.93
Elder Ray (13):	-177.74
Super Trend (3,10):	28,358.14
Zig ZAG (10):	29,083.34
VORTEX (21):	0.9400
Stochastique (14,3,5):	31.07
TEMA (21):	28,877.35
Williams %R (14):	-64.99
Chande Momentum Oscillator (20):	-270.93
Repulse (5,40,3):	-0.1200
ROCnROLL:	2
TRIX (15,9):	-0.0800
Courbe Coppock:	3.38

MA7:	29,181.90
MA20:	29,398.29
MA50:	29,895.67
MA100:	28,504.21
MAexp7:	29,142.28
MAexp20:	29,388.66
MAexp50:	29,305.30
MAexp100:	28,503.60
Price / MA7:	-0.46%
Price / MA20:	-1.19%
Price / MA50:	-2.83%
Price / MA100:	+1.91%
Price / MAexp7:	-0.32%
Price / MAexp20:	-1.16%
Price / MAexp50:	-0.88%
Price / MAexp100:	+1.91%

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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