BITCOIN - BTC/USD - Daily - Technical analysis published on 09/10/2024 (GMT)
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- 0
- Timeframe : Daily
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under
My targets
()
()
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 . The sellers' bearish objective is set at . A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at . In case of crossing, the next objective would be the support located at . 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7
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Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 57,512.41 USD. On the day, this instrument gained +0.80% with the lowest point at 56,412.35 USD and the highest point at 58,050.21 USD. The deviation from the price is +1.95% for the low point and -0.93% for the high point.56,412.35
58,050.21
57,512.41
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of BITCOIN - BTC/USD in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being 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, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 6 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 35,079.50 | 39,519.49 | 54,012.71 | 57,512.41 | 58,274.94 | 64,267.27 | 67,554.70 |
| Change (%) | -39.01% | -31.29% | -6.09% | - | +1.33% | +11.75% | +17.46% |
| Change | -22,432.91 | -17,992.92 | -3,499.70 | - | +762.53 | +6,754.86 | +10,042.29 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Major |
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 | 51,688.98 | 53,137.96 | 55,097.50 | 56,546.48 | 58,506.02 | 59,955.00 | 61,914.54 |
| Camarilla | 56,119.69 | 56,432.14 | 56,744.58 | 57,057.03 | 57,369.48 | 57,681.93 | 57,994.37 |
| Woodie | 51,944.25 | 53,265.60 | 55,352.77 | 56,674.12 | 58,761.29 | 60,082.64 | 62,169.81 |
| Fibonacci | 53,137.96 | 54,440.02 | 55,244.43 | 56,546.48 | 57,848.54 | 58,652.95 | 59,955.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43,972.86 | 48,269.86 | 51,219.06 | 55,516.06 | 58,465.26 | 62,762.26 | 65,711.46 |
| Camarilla | 52,175.55 | 52,839.78 | 53,504.02 | 54,168.25 | 54,832.49 | 55,496.72 | 56,160.96 |
| Woodie | 43,298.95 | 47,932.91 | 50,545.15 | 55,179.11 | 57,791.35 | 62,425.31 | 65,037.55 |
| Fibonacci | 48,269.86 | 51,037.91 | 52,748.02 | 55,516.06 | 58,284.11 | 59,994.22 | 62,762.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33,972.55 | 41,613.30 | 50,297.02 | 57,937.77 | 66,621.49 | 74,262.24 | 82,945.96 |
| Camarilla | 54,491.52 | 55,987.93 | 57,484.34 | 58,980.75 | 60,477.16 | 61,973.57 | 63,469.98 |
| Woodie | 34,494.05 | 41,874.04 | 50,818.52 | 58,198.51 | 67,142.99 | 74,522.98 | 83,467.46 |
| Fibonacci | 41,613.30 | 47,849.24 | 51,701.82 | 57,937.77 | 64,173.71 | 68,026.29 | 74,262.24 |
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): | 46.93 | |
| MACD (12,26,9): | -1,296.4800 | |
| Directional Movement: | -6.14 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 56,293.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 60,234.71 | |
| Elder Ray (13): | 28.72 | |
| Super Trend (3,10): | 61,640.43 | |
| Zig ZAG (10): | 57,557.46 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 40.08 | |
| TEMA (21): | 55,736.51 | |
| Williams %R (14): | -41.34 | |
| Chande Momentum Oscillator (20): | -1,766.84 | |
| Repulse (5,40,3): | 3.7400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2600 | |
| Courbe Coppock: | 16.49 |
| MA7: | 55,983.05 | |
| MA20: | 58,871.79 | |
| MA50: | 60,438.42 | |
| MA100: | 62,116.51 | |
| MAexp7: | 56,574.19 | |
| MAexp20: | 57,898.60 | |
| MAexp50: | 59,714.05 | |
| MAexp100: | 60,863.10 | |
| Price / MA7: | +2.73% | |
| Price / MA20: | -2.31% | |
| Price / MA50: | -4.84% | |
| Price / MA100: | -7.41% | |
| Price / MAexp7: | +1.66% | |
| Price / MAexp20: | -0.67% | |
| Price / MAexp50: | -3.69% | |
| Price / MAexp100: | -5.51% |
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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