BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - Daily - Technical analysis published on 04/20/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

44%

28%

My opinion

Bearish under 44,511.50 USD

My targets

40,632.20 USD (-2.79%)

35,079.50 USD (-16.08%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BITCOIN - BTC/USD as long as the price remains well below 44,511.50 USD. The sellers' bearish objective is set at 40,632.20 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 35,079.50 USD. In case of crossing, the next objective would be the support located at 29,794.70 USD.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

4.1

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

Additional analysis

Quotes

The BITCOIN - BTC/USD rating is 41,800.24 USD. On the day, this instrument gained +0.71% with the lowest point at 41,248.39 USD and the highest point at 41,905.44 USD. The deviation from the price is +1.34% for the low point and -0.25% for the high point.

41,248.39

41,905.44

41,800.24

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of BITCOIN - BTC/USD in Daily shows an overall bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 5 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	29,794.70	35,079.50	40,632.20	41,800.24	44,511.50	52,682.50	58,472.80
Change (%)	-28.72%	-16.08%	-2.79%	-	+6.49%	+26.03%	+39.89%
Change	-12,005.54	-6,720.74	-1,168.04	-	+2,711.26	+10,882.26	+16,672.56
Level	Intermediate	Major	Major	-	Intermediate	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	39,639.83	40,115.87	40,810.54	41,286.58	41,981.25	42,457.29	43,151.96
Camarilla	41,183.27	41,290.58	41,397.90	41,505.21	41,612.53	41,719.84	41,827.16
Woodie	39,749.15	40,170.53	40,919.86	41,341.24	42,090.57	42,511.95	43,261.28
Fibonacci	40,115.87	40,563.08	40,839.37	41,286.58	41,733.79	42,010.08	42,457.29

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34,406.74	36,821.87	38,605.24	41,020.37	42,803.74	45,218.87	47,002.24
Camarilla	39,234.02	39,618.89	40,003.75	40,388.61	40,773.47	41,158.34	41,543.20
Woodie	34,090.86	36,663.93	38,289.36	40,862.43	42,487.86	45,060.93	46,686.36
Fibonacci	36,821.87	38,425.70	39,416.54	41,020.37	42,624.20	43,615.04	45,218.87

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28,045.73	32,609.97	39,070.93	43,635.17	50,096.13	54,660.37	61,121.33
Camarilla	42,499.97	43,510.61	44,521.26	45,531.90	46,542.54	47,553.19	48,563.83
Woodie	28,994.10	33,084.15	40,019.30	44,109.35	51,044.50	55,134.55	62,069.70
Fibonacci	32,609.97	36,821.59	39,423.54	43,635.17	47,846.79	50,448.74	54,660.37

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):	48.78
MACD (12,26,9):	-670.0800
Directional Movement:	-7.15
AROON (14):	-85.71
DEMA (21):	41,141.52
Parabolic SAR (0,02-0,02-0,2):	38,582.22
Elder Ray (13):	124.92
Super Trend (3,10):	44,696.96
Zig ZAG (10):	41,769.60
VORTEX (21):	0.8400
Stochastique (14,3,5):	42.30
TEMA (21):	40,257.86
Williams %R (14):	-40.77
Chande Momentum Oscillator (20):	-494.71
Repulse (5,40,3):	3.8600
ROCnROLL:	-1
TRIX (15,9):	-0.1700
Courbe Coppock:	17.87

MA7:	40,672.54
MA20:	42,499.77
MA50:	42,127.60
MA100:	41,253.81
MAexp7:	41,100.27
MAexp20:	41,866.93
MAexp50:	42,198.64
MAexp100:	42,918.70
Price / MA7:	+2.77%
Price / MA20:	-1.65%
Price / MA50:	-0.78%
Price / MA100:	+1.32%
Price / MAexp7:	+1.70%
Price / MAexp20:	-0.16%
Price / MAexp50:	-0.94%
Price / MAexp100:	-2.61%

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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