BITCOIN - BTC/USDT
BITCOIN - BTC/USDT
- USDT (-)
- Real time data - CoinMarketCap
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Type: Cryptocurrencies
Ticker: BTCUSDT
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BITCOIN - BTC/USDT - Weekly - Technical analysis published on 12/29/2022 (GMT)

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  • Timeframe : Weekly
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 21,298.70 USDT
My targets
15,780.10 USDT (-5.02%)
10,123.60 USDT (-39.06%)
My analysis
The bearish trend is currently very strong for BITCOIN - BTC/USDT. As long as the price remains below the resistance at 21,298.70 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 15,780.10 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 10,123.60 USDT as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9

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 finacian. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Daily

Additional analysis

Quotes

BITCOIN - BTC/USDT rating 16,613.57 USDT. Over 5 days, this instrument lost -0.99% and was traded between 16,490.08 USDT and 16,960.30 USDT over the period. The price is currently at +0.75% from its lowest point and -2.04% from its highest point.

16,490.08
16,960.30
16,613.57

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

Technical


A technical analysis in Weekly of this BITCOIN - BTC/USDT chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

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


ProTrendLines
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 10,123.60 15,780.10 16,613.57 21,298.70 29,848.90 47,434.00
Change (%) -39.06% -5.02% - +28.20% +79.67% +185.51%
Change -6,489.97 -833.47 - +4,685.13 +13,235.33 +30,820.43
Level Minor Major - Intermediate Minor Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16,161.8016,319.9916,433.5116,591.7016,705.2216,863.4116,976.93
Camarilla16,472.3016,497.2116,522.1116,547.0216,571.9316,596.8316,621.74
Woodie16,139.4616,308.8216,411.1716,580.5316,682.8816,852.2416,954.59
Fibonacci16,319.9916,423.7916,487.9116,591.7016,695.5016,759.6216,863.41


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15,622.4715,950.1316,393.2716,720.9317,164.0717,491.7317,934.87
Camarilla16,624.4316,695.0916,765.7416,836.4016,907.0616,977.7117,048.37
Woodie15,680.2015,979.0016,451.0016,749.8017,221.8017,520.6017,992.60
Fibonacci15,950.1316,244.5816,426.4916,720.9317,015.3817,197.2917,491.73


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13,051.3014,271.3015,717.8016,937.8018,384.3019,604.3021,050.80
Camarilla16,431.0116,675.4416,919.8717,164.3017,408.7317,653.1617,897.59
Woodie13,164.5514,327.9315,831.0516,994.4318,497.5519,660.9321,164.05
Fibonacci14,271.3015,289.9015,919.2016,937.8017,956.4018,585.7019,604.30

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): 34.23
MACD (12,26,9): -2,889.0500
Directional Movement: -10.72
AROON (14): -21.43
DEMA (21): 15,047.09
Parabolic SAR (0,02-0,02-0,2): 18,432.82
Elder Ray (13): -1,103.40
Super Trend (3,10): 22,394.81
Zig ZAG (10): 16,860.58
VORTEX (21): 0.8600
Stochastique (14,3,5): 20.83
TEMA (21): 16,031.76
Williams %R (14): -77.19
Chande Momentum Oscillator (20): -2,586.87
Repulse (5,40,3): -2.1700
ROCnROLL: 2
TRIX (15,9): -1.9700
Courbe Coppock: 30.94
MA7: 16,837.27
MA20: 17,002.42
MA50: 16,844.60
MA100: 18,261.05
MAexp7: 17,146.59
MAexp20: 19,302.43
MAexp50: 25,671.61
MAexp100: 28,698.03
Price / MA7: -1.33%
Price / MA20: -2.29%
Price / MA50: -1.37%
Price / MA100: -9.02%
Price / MAexp7: -3.11%
Price / MAexp20: -13.93%
Price / MAexp50: -35.28%
Price / MAexp100: -42.11%

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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