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 05/01/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 61,279.96 USD

My targets

50,742.68 USD (-11.27%)

47,352.27 USD (-17.20%)

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 61,279.96 USD. The sellers' bearish objective is set at 50,742.68 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 47,352.27 USD. In case of crossing, the next objective would be the support located at 44,103.13 USD.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

5.4

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 jann1414. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN - BTC/USD price is 57,186.02 USD. On the day, this instrument lost -5.68% and was traded between 56,514.20 USD and 60,787.50 USD over the period. The price is currently at +1.19% from its lowest and -5.92% from its highest.

56,514.20

60,787.50

57,186.02

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

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 bearish. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced 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 price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	44,103.13	47,352.27	50,742.68	57,186.02	61,279.96	67,554.70	73,117.83
Change (%)	-22.88%	-17.20%	-11.27%	-	+7.16%	+18.13%	+27.86%
Change	-13,082.89	-9,833.75	-6,443.34	-	+4,093.94	+10,368.68	+15,931.81
Level	Intermediate	Minor	Minor	-	Intermediate	Major	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	52,633.63	55,867.80	58,248.33	61,482.50	63,863.03	67,097.20	69,477.73
Camarilla	59,084.82	59,599.50	60,114.18	60,628.86	61,143.54	61,658.22	62,172.90
Woodie	52,206.81	55,654.39	57,821.51	61,269.09	63,436.21	66,883.79	69,050.91
Fibonacci	55,867.80	58,012.62	59,337.69	61,482.50	63,627.32	64,952.39	67,097.20

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	56,647.22	59,530.58	61,482.05	64,365.41	66,316.88	69,200.24	71,151.71
Camarilla	62,103.94	62,547.14	62,990.33	63,433.52	63,876.71	64,319.91	64,763.10
Woodie	56,181.28	59,297.61	61,016.11	64,132.44	65,850.94	68,967.27	70,685.77
Fibonacci	59,530.58	61,377.49	62,518.51	64,365.41	66,212.32	67,353.34	69,200.24

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	41,941.71	50,521.84	55,575.35	64,155.48	69,208.99	77,789.12	82,842.63
Camarilla	56,879.61	58,129.36	59,379.11	60,628.86	61,878.61	63,128.36	64,378.11
Woodie	40,178.40	49,640.19	53,812.04	63,273.83	67,445.68	76,907.47	81,079.32
Fibonacci	50,521.84	55,729.89	58,947.43	64,155.48	69,363.53	72,581.07	77,789.12

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):	34.46
MACD (12,26,9):	-1,395.7700
Directional Movement:	-20.42
AROON (14):	-64.29
DEMA (21):	62,420.70
Parabolic SAR (0,02-0,02-0,2):	64,716.67
Elder Ray (13):	-4,536.95
Super Trend (3,10):	67,947.70
Zig ZAG (10):	58,699.39
VORTEX (21):	0.8400
Stochastique (14,3,5):	31.48
TEMA (21):	60,983.08
Williams %R (14):	-79.69
Chande Momentum Oscillator (20):	-5,137.97
Repulse (5,40,3):	-6.0800
ROCnROLL:	2
TRIX (15,9):	-0.2200
Courbe Coppock:	6.36

MA7:	62,538.97
MA20:	63,934.86
MA50:	66,647.43
MA100:	59,555.40
MAexp7:	61,980.51
MAexp20:	64,059.07
MAexp50:	64,169.13
MAexp100:	59,835.19
Price / MA7:	-8.56%
Price / MA20:	-10.56%
Price / MA50:	-14.20%
Price / MA100:	-3.98%
Price / MAexp7:	-7.74%
Price / MAexp20:	-10.73%
Price / MAexp50:	-10.88%
Price / MAexp100:	-4.43%

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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