BITCOIN - BTC/USDT - Weekly - Technical analysis published on 12/29/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
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
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This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
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
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 16,161.80 | 16,319.99 | 16,433.51 | 16,591.70 | 16,705.22 | 16,863.41 | 16,976.93 |
| Camarilla | 16,472.30 | 16,497.21 | 16,522.11 | 16,547.02 | 16,571.93 | 16,596.83 | 16,621.74 |
| Woodie | 16,139.46 | 16,308.82 | 16,411.17 | 16,580.53 | 16,682.88 | 16,852.24 | 16,954.59 |
| Fibonacci | 16,319.99 | 16,423.79 | 16,487.91 | 16,591.70 | 16,695.50 | 16,759.62 | 16,863.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,622.47 | 15,950.13 | 16,393.27 | 16,720.93 | 17,164.07 | 17,491.73 | 17,934.87 |
| Camarilla | 16,624.43 | 16,695.09 | 16,765.74 | 16,836.40 | 16,907.06 | 16,977.71 | 17,048.37 |
| Woodie | 15,680.20 | 15,979.00 | 16,451.00 | 16,749.80 | 17,221.80 | 17,520.60 | 17,992.60 |
| Fibonacci | 15,950.13 | 16,244.58 | 16,426.49 | 16,720.93 | 17,015.38 | 17,197.29 | 17,491.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,051.30 | 14,271.30 | 15,717.80 | 16,937.80 | 18,384.30 | 19,604.30 | 21,050.80 |
| Camarilla | 16,431.01 | 16,675.44 | 16,919.87 | 17,164.30 | 17,408.73 | 17,653.16 | 17,897.59 |
| Woodie | 13,164.55 | 14,327.93 | 15,831.05 | 16,994.43 | 18,497.55 | 19,660.93 | 21,164.05 |
| Fibonacci | 14,271.30 | 15,289.90 | 15,919.20 | 16,937.80 | 17,956.40 | 18,585.70 | 19,604.30 |
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 :
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Real time data
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Cryptocompare
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