BITSHARES - BTS/USD

- USD (-)

- Real time data - CoinMarketCap

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Change:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	BTSUSD
ISIN:

BITSHARES - BTS/USD - Daily - Technical analysis published on 05/12/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

72%

17%

My opinion

Bearish under 0.008266 USD

My targets

0.007545 USD (-3.44%)

0.006974 USD (-10.75%)

My analysis

The bearish trend is currently very strong for BITSHARES - BTS/USD. As long as the price remains below the resistance at 0.008266 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.007545 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.006974 USD as an objective. 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.

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

Additional analysis

Quotes

The BITSHARES - BTS/USD rating is 0.007814 USD. The price has increased by +3.33% since the last closing and was traded between 0.007542 USD and 0.007832 USD over the period. The price is currently at +3.61% from its lowest and -0.23% from its highest.

0.007542

0.007832

0.007814

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this BITSHARES - BTS/USD chart shows a sharp bearish trend. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.006974	0.007545	0.007814	0.008266	0.010492	0.011842
Change (%)	-10.75%	-3.44%	-	+5.78%	+34.27%	+51.55%
Change	-0.000840	-0.000269	-	+0.000452	+0.002678	+0.004028
Level	Intermediate	Intermediate	-	Minor	Major	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.006855	0.007176	0.007369	0.007690	0.007883	0.008204	0.008397
Camarilla	0.007421	0.007468	0.007515	0.007562	0.007609	0.007656	0.007703
Woodie	0.006791	0.007144	0.007305	0.007658	0.007819	0.008172	0.008333
Fibonacci	0.007176	0.007372	0.007494	0.007690	0.007886	0.008008	0.008204

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.007474	0.008351	0.008804	0.009681	0.010134	0.011011	0.011464
Camarilla	0.008892	0.009014	0.009136	0.009258	0.009380	0.009502	0.009624
Woodie	0.007263	0.008245	0.008593	0.009575	0.009923	0.010905	0.011253
Fibonacci	0.008351	0.008859	0.009173	0.009681	0.010189	0.010503	0.011011

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.005104	0.007211	0.008734	0.010841	0.012364	0.014471	0.015994
Camarilla	0.009260	0.009593	0.009925	0.010258	0.010591	0.010924	0.011256
Woodie	0.004813	0.007065	0.008443	0.010695	0.012073	0.014325	0.015703
Fibonacci	0.007211	0.008597	0.009454	0.010841	0.012227	0.013084	0.014471

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	34.29
MACD (12,26,9):	-0.0007
Directional Movement:	-12.457227
AROON (14):	-28.571429
DEMA (21):	0.008498
Parabolic SAR (0,02-0,02-0,2):	0.010238
Elder Ray (13):	-0.001266
Super Trend (3,10):	0.010156
Zig ZAG (10):	0.007557
VORTEX (21):	0.8809
Stochastique (14,3,5):	3.94
TEMA (21):	0.008054
Williams %R (14):	-98.27
Chande Momentum Oscillator (20):	-0.002705
Repulse (5,40,3):	-17.4864
ROCnROLL:	2
TRIX (15,9):	-0.6826
Courbe Coppock:	32.95

MA7:	0.008565
MA20:	0.009587
MA50:	0.010560
MA100:	0.010966
MAexp7:	0.008393
MAexp20:	0.009372
MAexp50:	0.010189
MAexp100:	0.010486
Price / MA7:	-8.77%
Price / MA20:	-18.49%
Price / MA50:	-26.00%
Price / MA100:	-28.74%
Price / MAexp7:	-6.90%
Price / MAexp20:	-16.62%
Price / MAexp50:	-23.31%
Price / MAexp100:	-25.48%

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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Londinia AI

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