BIT DIGITAL INC. ORD.

BTBT

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	BTBT
ISIN:

BIT DIGITAL INC. ORD. - Daily - Technical analysis published on 08/02/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

78%

22%

My opinion

Bullish above 8.87 USD

My targets

10.98 USD (+8.96%)

12.18 USD (+20.83%)

My analysis

The strong short-term increase of BIT DIGITAL INC. ORD. should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 8.87 USD, a purchase could be considered. The first bullish objective is located at 10.98 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 12.18 USD. If there is any crossing, the next objective would be the resistance at 16.16 USD. Caution, if there is a return under 8.87 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

3.9

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 aba0550. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BIT DIGITAL INC. ORD. rating is 10.08 USD. On the day, this instrument gained +12.00% and was traded between 8.90 USD and 10.25 USD over the period. The price is currently at +13.26% from its lowest and -1.66% from its highest.

8.90

10.25

10.08

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 Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of BIT DIGITAL INC. ORD. in Daily shows a neutral overall trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

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

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	4.21	6.36	8.87	10.08	12.18	16.16	25.60
Change (%)	-58.23%	-36.90%	-12.00%	-	+20.83%	+60.32%	+153.97%
Change	-5.87	-3.72	-1.21	-	+2.10	+6.08	+15.52
Level	Intermediate	Minor	Major	-	Minor	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	6.62	7.17	8.08	8.63	9.54	10.09	11.00
Camarilla	8.60	8.73	8.87	9.00	9.13	9.27	9.40
Woodie	6.81	7.26	8.27	8.72	9.73	10.18	11.19
Fibonacci	7.17	7.72	8.07	8.63	9.18	9.53	10.09

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.52	3.20	6.10	7.78	10.68	12.36	15.26
Camarilla	7.74	8.16	8.58	9.00	9.42	9.84	10.26
Woodie	2.13	3.51	6.71	8.09	11.29	12.67	15.87
Fibonacci	3.20	4.95	6.03	7.78	9.53	10.61	12.36

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.00	1.99	5.49	7.48	10.98	12.97	16.47
Camarilla	7.49	7.99	8.50	9.00	9.50	10.01	10.51
Woodie	0.77	2.37	6.26	7.86	11.75	13.35	17.24
Fibonacci	1.99	4.08	5.38	7.48	9.57	10.87	12.97

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	61.50
MACD (12,26,9):	0.1600
Directional Movement:	23.34
AROON (14):	64.29
DEMA (21):	6.91
Parabolic SAR (0,02-0,02-0,2):	5.28
Elder Ray (13):	2.36
Super Trend (3,10):	5.17
Zig ZAG (10):	9.93
VORTEX (21):	0.8700
Stochastique (14,3,5):	66.26
TEMA (21):	6.05
Williams %R (14):	-26.59
Chande Momentum Oscillator (20):	2.68
Repulse (5,40,3):	-4.5700
ROCnROLL:	1
TRIX (15,9):	-1.4800
Courbe Coppock:	8.41

MA7:	5.79
MA20:	5.78
MA50:	7.08
MA100:	10.48
MAexp7:	6.29
MAexp20:	6.45
MAexp50:	7.48
MAexp100:	9.20
Price / MA7:	+74.09%
Price / MA20:	+74.39%
Price / MA50:	+42.37%
Price / MA100:	-3.82%
Price / MAexp7:	+60.41%
Price / MAexp20:	+56.43%
Price / MAexp50:	+34.89%
Price / MAexp100:	+9.67%

Quotes : - 15 min delayed data - NASDAQ Stocks

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

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