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 09/05/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

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BITCOIN BEP2 - BTCB/USD Chart

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

28%

44%

My opinion

Bearish under 26,017.38 USD

My targets

25,134.20 USD (-2.59%)

23,064.10 USD (-10.61%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BITCOIN BEP2 - BTCB/USD. As long as you are under the resistance located at 26,017.38 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 25,134.20 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 23,064.10 USD as an objective. Crossing it would then enable sellers to target 20,209.90 USD. If the resistance 26,017.38 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

3.6

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 Londinia.

Additional analysis

Quotes

The BITCOIN BEP2 - BTCB/USD rating is 25,802.02 USD. On the day, this instrument lost -0.04% with the lowest point at 25,568.78 USD and the highest point at 25,839.67 USD. The deviation from the price is +0.91% for the low point and -0.15% for the high point.

25,568.78

25,839.67

25,802.02

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

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this BITCOIN BEP2 - BTCB/USD chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	23,064.10	25,134.20	25,719.01	25,802.02	26,017.38	27,023.81	27,476.93
Change (%)	-10.61%	-2.59%	-0.32%	-	+0.83%	+4.74%	+6.49%
Change	-2,737.92	-667.82	-83.01	-	+215.36	+1,221.79	+1,674.91
Level	Minor	Major	Intermediate	-	Major	Minor	Intermediate

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	25,125.65	25,379.05	25,595.04	25,848.44	26,064.43	26,317.83	26,533.82
Camarilla	25,681.95	25,724.98	25,768.00	25,811.03	25,854.06	25,897.09	25,940.11
Woodie	25,106.95	25,369.70	25,576.34	25,839.09	26,045.73	26,308.48	26,515.12
Fibonacci	25,379.05	25,558.36	25,669.13	25,848.44	26,027.75	26,138.52	26,317.83

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21,976.85	23,656.03	24,759.04	26,438.22	27,541.23	29,220.41	30,323.42
Camarilla	25,096.95	25,351.98	25,607.02	25,862.05	26,117.08	26,372.12	26,627.15
Woodie	21,688.77	23,511.99	24,470.96	26,294.18	27,253.15	29,076.37	30,035.34
Fibonacci	23,656.03	24,718.83	25,375.42	26,438.22	27,501.02	28,157.61	29,220.41

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19,042.70	22,117.20	24,029.00	27,103.50	29,015.30	32,089.80	34,001.60
Camarilla	24,569.57	25,026.65	25,483.72	25,940.80	26,397.88	26,854.96	27,312.03
Woodie	18,461.35	21,826.53	23,447.65	26,812.83	28,433.95	31,799.13	33,420.25
Fibonacci	22,117.20	24,021.97	25,198.73	27,103.50	29,008.27	30,185.03	32,089.80

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):	43.42
MACD (12,26,9):	-38.2700
Directional Movement:	-10.26
AROON (14):	-28.57
DEMA (21):	25,709.48
Parabolic SAR (0,02-0,02-0,2):	25,620.03
Elder Ray (13):	-0.47
Super Trend (3,10):	25,923.82
Zig ZAG (10):	25,719.07
VORTEX (21):	0.9800
Stochastique (14,3,5):	62.80
TEMA (21):	25,704.10
Williams %R (14):	-45.63
Chande Momentum Oscillator (20):	-39.37
Repulse (5,40,3):	-0.2300
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	0.58

MA7:	26,053.10
MA20:	26,201.82
MA50:	28,123.15
MA100:	28,399.32
MAexp7:	25,731.72
MAexp20:	25,764.72
MAexp50:	25,831.54
MAexp100:	25,933.73
Price / MA7:	-0.96%
Price / MA20:	-1.53%
Price / MA50:	-8.25%
Price / MA100:	-9.15%
Price / MAexp7:	+0.27%
Price / MAexp20:	+0.14%
Price / MAexp50:	-0.11%
Price / MAexp100:	-0.51%

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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