BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - Daily - Technical analysis published on 08/19/2024 (GMT)

Londinia

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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

44%

33%

22%

My opinion

Bearish under 61,777.83 USD

My targets

55,866.19 USD (-4.83%)

50,742.68 USD (-13.56%)

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 61,777.83 USD. The sellers' bearish objective is set at 55,866.19 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 50,742.68 USD. In case of crossing, the next objective would be the support located at 47,352.27 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

Force

5.7

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

Additional analysis

Quotes

The BITCOIN - BTC/USD rating is 58,704.41 USD. On the day, this instrument gained +0.42% with the lowest point at 57,838.70 USD and the highest point at 58,773.88 USD. The deviation from the price is +1.50% for the low point and -0.12% for the high point.

57,838.70

58,773.88

58,704.41

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

Technical

Technical analysis of BITCOIN - BTC/USD in Daily shows a overall strongly 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 scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 8 are bullish, 4 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

Near horizontal support

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	50,742.68	55,866.19	58,274.94	58,704.41	61,777.83	67,554.70	73,117.83
Change (%)	-13.56%	-4.83%	-0.73%	-	+5.24%	+15.08%	+24.55%
Change	-7,961.73	-2,838.22	-429.47	-	+3,073.42	+8,850.29	+14,413.42
Level	Minor	Major	Minor	-	Major	Major	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	56,016.82	57,227.55	57,842.71	59,053.44	59,668.60	60,879.33	61,494.49
Camarilla	57,955.76	58,123.13	58,290.51	58,457.88	58,625.25	58,792.63	58,960.00
Woodie	55,719.05	57,078.66	57,544.94	58,904.55	59,370.83	60,730.44	61,196.72
Fibonacci	57,227.55	57,925.04	58,355.95	59,053.44	59,750.93	60,181.84	60,879.33

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	51,705.27	54,179.05	56,838.43	59,312.21	61,971.59	64,445.37	67,104.75
Camarilla	58,086.18	58,556.72	59,027.26	59,497.80	59,968.34	60,438.88	60,909.42
Woodie	51,798.06	54,225.45	56,931.22	59,358.61	62,064.38	64,491.77	67,197.54
Fibonacci	54,179.05	56,139.92	57,351.35	59,312.21	61,273.08	62,484.51	64,445.37

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	39,070.71	46,337.18	55,479.85	62,746.32	71,888.99	79,155.46	88,298.13
Camarilla	60,110.00	61,614.17	63,118.34	64,622.51	66,126.68	67,630.85	69,135.02
Woodie	40,008.80	46,806.23	56,417.94	63,215.37	72,827.08	79,624.51	89,236.22
Fibonacci	46,337.18	52,605.48	56,478.03	62,746.32	69,014.62	72,887.17	79,155.46

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):	44.51
MACD (12,26,9):	-1,152.2800
Directional Movement:	-9.35
AROON (14):	21.43
DEMA (21):	58,420.78
Parabolic SAR (0,02-0,02-0,2):	51,124.27
Elder Ray (13):	-998.38
Super Trend (3,10):	63,833.53
Zig ZAG (10):	58,529.31
VORTEX (21):	0.8700
Stochastique (14,3,5):	65.84
TEMA (21):	57,913.89
Williams %R (14):	-47.03
Chande Momentum Oscillator (20):	3,484.51
Repulse (5,40,3):	-0.9300
ROCnROLL:	2
TRIX (15,9):	-0.2800
Courbe Coppock:	2.59

MA7:	58,903.29
MA20:	59,456.09
MA50:	61,428.28
MA100:	63,922.28
MAexp7:	58,869.84
MAexp20:	59,918.88
MAexp50:	61,524.29
MAexp100:	62,134.10
Price / MA7:	-0.34%
Price / MA20:	-1.26%
Price / MA50:	-4.43%
Price / MA100:	-8.16%
Price / MAexp7:	-0.28%
Price / MAexp20:	-2.03%
Price / MAexp50:	-4.58%
Price / MAexp100:	-5.52%

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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