BITCOIN - BTC/ETH

- ETH (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	BTCETH
ISIN:

BITCOIN - BTC/ETH - Daily - Technical analysis published on 11/30/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

61%

17%

My opinion

Bearish under 13.55 ETH

My targets

12.10 ETH (-3.53%)

10.27 ETH (-18.08%)

My analysis

BITCOIN - BTC/ETH is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 13.55 ETH. The next support located at 12.10 ETH is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 10.27 ETH. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

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

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

Additional analysis

Quotes

The BITCOIN - BTC/ETH rating is 12.54 ETH. The price is lower by -3.54% since the last closing with the lowest point at 12.52 ETH and the highest point at 13.00 ETH. The deviation from the price is +0.16% for the low point and -3.54% for the high point.

12.52

13.00

12.54

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of BITCOIN - BTC/ETH in Daily shows a overall strongly bearish trend. 89.29% 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.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

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

Support of channel is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	12.46	12.54	13.55	14.62	16.58
Change (%)	-0.64%	-	+8.05%	+16.59%	+32.22%
Change	-0.08	-	+1.01	+2.08	+4.04
Level	Major	-	Intermediate	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.53	12.77	12.88	13.12	13.23	13.47	13.58
Camarilla	12.90	12.94	12.97	13.00	13.03	13.06	13.10
Woodie	12.48	12.74	12.83	13.09	13.18	13.44	13.53
Fibonacci	12.77	12.90	12.98	13.12	13.25	13.33	13.47

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.08	12.53	12.95	13.40	13.82	14.27	14.69
Camarilla	13.13	13.21	13.29	13.37	13.45	13.53	13.61
Woodie	12.07	12.52	12.94	13.39	13.81	14.26	14.68
Fibonacci	12.53	12.86	13.07	13.40	13.73	13.94	14.27

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.27	12.10	13.20	15.03	16.13	17.96	19.06
Camarilla	13.50	13.77	14.04	14.31	14.58	14.85	15.12
Woodie	9.92	11.92	12.85	14.85	15.78	17.78	18.71
Fibonacci	12.10	13.22	13.91	15.03	16.15	16.84	17.96

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):	32.85
MACD (12,26,9):	-0.3300
Directional Movement:	-16.05
AROON (14):	-85.71
DEMA (21):	13.08
Parabolic SAR (0,02-0,02-0,2):	13.70
Elder Ray (13):	-0.57
Super Trend (3,10):	14.01
Zig ZAG (10):	12.62
VORTEX (21):	0.8300
Stochastique (14,3,5):	10.14
TEMA (21):	12.97
Williams %R (14):	-95.26
Chande Momentum Oscillator (20):	-1.62
Repulse (5,40,3):	-6.4900
ROCnROLL:	2
TRIX (15,9):	-0.2900
Courbe Coppock:	11.99

MA7:	13.15
MA20:	13.59
MA50:	14.31
MA100:	14.29
MAexp7:	13.12
MAexp20:	13.50
MAexp50:	13.98
MAexp100:	14.51
Price / MA7:	-4.64%
Price / MA20:	-7.73%
Price / MA50:	-12.37%
Price / MA100:	-12.25%
Price / MAexp7:	-4.42%
Price / MAexp20:	-7.11%
Price / MAexp50:	-10.30%
Price / MAexp100:	-13.58%

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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