BITCOIN - BTC/USD

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Type:	Cryptocurrencies
Ticker:	BTCUSD
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BITCOIN - BTC/USD - Daily - Technical analysis published on 03/13/2020 (GMT)

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Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 6,615.23 USD

My targets

5,742.50 USD (-0.43%)

3,182.14 USD (-44.82%)

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 6,615.23 USD. The sellers” bearish objective is set at 5,742.50 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3,182.14 USD. In case of crossing, the next objective would be the support located at 1,237.55 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

FORCE

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 a1td. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN - BTC/USD rating is 5,767.10 USD. The price is lower by +19.27% since the last closing with the lowest point at 3,926.30 USD and the highest point at 5,999.00 USD. The deviation from the price is +46.88% for the low point and -3.87% for the high point.

3,926.30

5,999.00

5,767.10

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

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. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 20

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

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 3

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:

Black marubozu

Type : Bearish

Timeframe : Daily

Long black line

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	1,237.55	3,182.14	5,767.10	5,875.21	6,615.23	6,924.53
Change (%)	-78.54%	-44.82%	-	+1.87%	+14.71%	+20.07%
Change	-4,529.55	-2,584.96	-	+108.11	+848.13	+1,157.43
Level	Minor	Major	-	Major	Minor	Intermediate

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	459.40	2,587.40	3,711.30	5,839.30	6,963.20	9,091.20	10,215.10
Camarilla	3,940.93	4,239.02	4,537.11	4,835.20	5,133.29	5,431.38	5,729.47
Woodie	-42.65	2,336.38	3,209.25	5,588.28	6,461.15	8,840.18	9,713.05
Fibonacci	2,587.40	3,829.63	4,597.07	5,839.30	7,081.53	7,848.97	9,091.20

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7,654.08	8,028.55	8,464.07	8,838.54	9,274.06	9,648.53	10,084.05
Camarilla	8,676.85	8,751.10	8,825.35	8,899.60	8,973.85	9,048.10	9,122.35
Woodie	7,684.61	8,043.81	8,494.61	8,853.80	9,304.60	9,663.79	10,114.59
Fibonacci	8,028.55	8,337.96	8,529.12	8,838.54	9,147.95	9,339.11	9,648.53

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5,742.50	7,090.90	7,809.00	9,157.40	9,875.50	11,223.90	11,942.00
Camarilla	7,958.81	8,148.24	8,337.67	8,527.10	8,716.53	8,905.96	9,095.39
Woodie	5,427.35	6,933.33	7,493.85	8,999.83	9,560.35	11,066.33	11,626.85
Fibonacci	7,090.90	7,880.30	8,368.00	9,157.40	9,946.80	10,434.50	11,223.90

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	29.99
MACD (12,26,9):	-736.0600
Directional Movement:	-45.17
AROON (14):	-42.86
DEMA (21):	7,322.26
Parabolic SAR (0,02-0,02-0,2):	8,657.02
Elder Ray (13):	-2,738.44
Super Trend (3,10):	7,494.02
Zig ZAG (10):	5,843.10
VORTEX (21):	0.5700
Stochastique (14,3,5):	19.73
TEMA (21):	6,632.55
Williams %R (14):	-65.29
Chande Momentum Oscillator (20):	-2,757.90
Repulse (5,40,3):	-25.5600
ROCnROLL:	2
TRIX (15,9):	-0.6300
Courbe Coppock:	40.64

MA7:	7,337.02
MA20:	8,424.91
MA50:	9,117.86
MA100:	8,390.52
MAexp7:	7,013.81
MAexp20:	8,138.76
MAexp50:	8,650.26
MAexp100:	8,665.33
Price / MA7:	-21.40%
Price / MA20:	-31.55%
Price / MA50:	-36.75%
Price / MA100:	-31.27%
Price / MAexp7:	-17.78%
Price / MAexp20:	-29.14%
Price / MAexp50:	-33.33%
Price / MAexp100:	-33.45%

This member declared not having a position on this financial instrument or a related financial instrument.

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