BITCOIN - BTC/USD - Daily - Technical analysis published on 06/28/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 63,999.86 USD
My targets
58,274.94 USD (-4.46%)
50,742.68 USD (-16.81%)
My analysis
The bearish trend is currently very strong for BITCOIN - BTC/USD. As long as the price remains below the resistance at 63,999.86 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 58,274.94 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 50,742.68 USD as an objective. Crossing it would then enable sellers to target 47,352.27 USD. 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
6.1
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This analysis was given by Sk1965. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 60,994.18 USD. The price registered a decrease of -1.02% on the session and was between 60,664.46 USD and 62,156.09 USD. This implies that the price is at +0.54% from its lowest and at -1.87% from its highest.60,664.46
62,156.09
60,994.18
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BITCOIN - BTC/USD indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
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. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 47,352.27 | 50,742.68 | 58,274.94 | 60,994.18 | 63,999.86 | 67,554.70 | 73,117.83 |
| Change (%) | -22.37% | -16.81% | -4.46% | - | +4.93% | +10.76% | +19.88% |
| Change | -13,641.91 | -10,251.50 | -2,719.24 | - | +3,005.68 | +6,560.52 | +12,123.65 |
| Level | Intermediate | Minor | Major | - | Intermediate | Major | Major |
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 | 58,923.99 | 59,748.85 | 60,685.07 | 61,509.93 | 62,446.15 | 63,271.01 | 64,207.23 |
| Camarilla | 61,136.99 | 61,298.43 | 61,459.86 | 61,621.29 | 61,782.72 | 61,944.16 | 62,105.59 |
| Woodie | 58,979.67 | 59,776.69 | 60,740.75 | 61,537.77 | 62,501.83 | 63,298.85 | 64,262.91 |
| Fibonacci | 59,748.85 | 60,421.58 | 60,837.20 | 61,509.93 | 62,182.66 | 62,598.28 | 63,271.01 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 58,747.97 | 61,052.77 | 62,651.47 | 64,956.27 | 66,554.97 | 68,859.77 | 70,458.47 |
| Camarilla | 63,176.72 | 63,534.54 | 63,892.36 | 64,250.18 | 64,608.00 | 64,965.82 | 65,323.64 |
| Woodie | 58,394.93 | 60,876.25 | 62,298.43 | 64,779.75 | 66,201.93 | 68,683.25 | 70,105.43 |
| Fibonacci | 61,052.77 | 62,543.90 | 63,465.13 | 64,956.27 | 66,447.40 | 67,368.63 | 68,859.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49,632.19 | 54,916.53 | 61,198.08 | 66,482.42 | 72,763.97 | 78,048.31 | 84,329.86 |
| Camarilla | 64,299.00 | 65,359.21 | 66,419.41 | 67,479.62 | 68,539.83 | 69,600.03 | 70,660.24 |
| Woodie | 50,130.79 | 55,165.83 | 61,696.68 | 66,731.72 | 73,262.57 | 78,297.61 | 84,828.46 |
| Fibonacci | 54,916.53 | 59,334.70 | 62,064.25 | 66,482.42 | 70,900.59 | 73,630.14 | 78,048.31 |
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): | 33.80 | |
| MACD (12,26,9): | -1,732.0700 | |
| Directional Movement: | -21.84 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 62,202.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 64,203.01 | |
| Elder Ray (13): | -1,759.76 | |
| Super Trend (3,10): | 66,842.13 | |
| Zig ZAG (10): | 60,910.02 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 28.65 | |
| TEMA (21): | 60,656.13 | |
| Williams %R (14): | -72.79 | |
| Chande Momentum Oscillator (20): | -5,717.01 | |
| Repulse (5,40,3): | -2.8300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2600 | |
| Courbe Coppock: | 16.59 |
| MA7: | 61,828.95 | |
| MA20: | 64,935.17 | |
| MA50: | 66,386.89 | |
| MA100: | 66,055.75 | |
| MAexp7: | 61,941.71 | |
| MAexp20: | 64,178.04 | |
| MAexp50: | 65,414.78 | |
| MAexp100: | 63,970.93 | |
| Price / MA7: | -1.35% | |
| Price / MA20: | -6.07% | |
| Price / MA50: | -8.12% | |
| Price / MA100: | -7.66% | |
| Price / MAexp7: | -1.53% | |
| Price / MAexp20: | -4.96% | |
| Price / MAexp50: | -6.76% | |
| Price / MAexp100: | -4.65% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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