BITCOIN - BTC/ETH

- ETH (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTCETH
ISIN:

BITCOIN - BTC/ETH - Daily - Technical analysis published on 07/17/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 17.32 ETH

My targets

15.35 ETH (-2.60%)

14.63 ETH (-7.17%)

My analysis

The strong short-term decline of BITCOIN - BTC/ETH reinforces the current slightly bearish trend. As long as the price remains below 17.32 ETH, you could take advantage of this bearish acceleration. The first bearish objective is located at 15.35 ETH. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 14.63 ETH as an objective. Crossing it would then enable sellers to target 13.02 ETH. A return to above 17.32 ETH would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

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

Additional analysis

Quotes

BITCOIN - BTC/ETH rating 15.76 ETH. The price registered an increase of +0.83% on the session and was traded between 15.41 ETH and 15.89 ETH over the period. The price is currently at +2.27% from its lowest and -0.82% from its highest.

15.41

15.89

15.76

Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/ETH:

The Central Records scanner for higher/lower results shows the following items:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of BITCOIN - BTC/ETH indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : Daily

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily

MACD indicator is back under 0

Type : Bearish

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

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	13.02	14.63	15.35	15.76	17.32	19.08	25.04
Change (%)	-17.39%	-7.17%	-2.60%	-	+9.90%	+21.07%	+58.88%
Change	-2.74	-1.13	-0.41	-	+1.56	+3.32	+9.28
Level	Major	Minor	Major	-	Intermediate	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	12.51	13.78	14.71	15.98	16.91	18.18	19.11
Camarilla	15.03	15.23	15.43	15.63	15.83	16.03	16.24
Woodie	12.33	13.70	14.53	15.90	16.73	18.10	18.93
Fibonacci	13.78	14.62	15.14	15.98	16.82	17.34	18.18

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.45	12.76	14.19	16.50	17.93	20.24	21.67
Camarilla	14.60	14.94	15.29	15.63	15.97	16.32	16.66
Woodie	10.02	12.54	13.76	16.28	17.50	20.02	21.24
Fibonacci	12.76	14.19	15.07	16.50	17.93	18.81	20.24

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.11	14.13	16.37	18.39	20.63	22.65	24.89
Camarilla	17.45	17.84	18.23	18.62	19.01	19.40	19.79
Woodie	12.23	14.19	16.49	18.45	20.75	22.71	25.01
Fibonacci	14.13	15.75	16.76	18.39	20.01	21.02	22.65

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):	34.09
MACD (12,26,9):	-0.2900
Directional Movement:	-17.38
AROON (14):	-21.43
DEMA (21):	17.16
Parabolic SAR (0,02-0,02-0,2):	18.61
Elder Ray (13):	-1.56
Super Trend (3,10):	18.06
Zig ZAG (10):	15.78
VORTEX (21):	0.8900
Stochastique (14,3,5):	17.88
TEMA (21):	16.62
Williams %R (14):	-80.48
Chande Momentum Oscillator (20):	-2.02
Repulse (5,40,3):	-7.7200
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	10.05

MA7:	17.22
MA20:	17.65
MA50:	17.61
MA100:	15.81
MAexp7:	16.80
MAexp20:	17.41
MAexp50:	17.19
MAexp100:	16.34
Price / MA7:	-8.48%
Price / MA20:	-10.71%
Price / MA50:	-10.51%
Price / MA100:	-0.32%
Price / MAexp7:	-6.19%
Price / MAexp20:	-9.48%
Price / MAexp50:	-8.32%
Price / MAexp100:	-3.55%

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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