BITTORRENT - BTT/USD - 1H - Technical analysis published on 07/27/2021 (GMT)
- 211
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
BITTORRENT - BTT/USD Chart
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 0.002532 USD
My targets
0.002697 USD (+4.05%)
0.002821 USD (+8.83%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.002532 USD remains possible. It is advisable to trade BITTORRENT - BTT/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.002532 USD. The next bullish objective for buyers is set at 0.002697 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.002821 USD. If there is any crossing, the next objective would be the resistance located at 0.002987 USD. PS: if there is a bearish break in the support located at 0.002532 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.3
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 Vincent Launay.
Additional analysis
Quotes
BITTORRENT - BTT/USD rating 0.002592 USD. The price is lower by -0.65% since the last closing and was between 0.002472 USD and 0.002650 USD. This implies that the price is at +4.85% from its lowest and at -2.19% from its highest.0.002472
0.002650
0.002592
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this BITTORRENT - BTT/USD chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.002044 | 0.002133 | 0.002291 | 0.002592 | 0.002697 | 0.002821 | 0.002987 |
| Change (%) | -21.14% | -17.71% | -11.61% | - | +4.05% | +8.83% | +15.24% |
| Change | -0.000548 | -0.000459 | -0.000301 | - | +0.000105 | +0.000229 | +0.000395 |
| Level | Minor | Major | Major | - | Intermediate | 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 | 0.001567 | 0.001926 | 0.002268 | 0.002627 | 0.002969 | 0.003328 | 0.003670 |
| Camarilla | 0.002416 | 0.002481 | 0.002545 | 0.002609 | 0.002673 | 0.002738 | 0.002802 |
| Woodie | 0.001558 | 0.001922 | 0.002259 | 0.002623 | 0.002960 | 0.003324 | 0.003661 |
| Fibonacci | 0.001926 | 0.002194 | 0.002360 | 0.002627 | 0.002895 | 0.003061 | 0.003328 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.001609 | 0.001758 | 0.001996 | 0.002145 | 0.002383 | 0.002532 | 0.002770 |
| Camarilla | 0.002128 | 0.002163 | 0.002199 | 0.002234 | 0.002270 | 0.002305 | 0.002340 |
| Woodie | 0.001654 | 0.001780 | 0.002041 | 0.002167 | 0.002428 | 0.002554 | 0.002815 |
| Fibonacci | 0.001758 | 0.001906 | 0.001997 | 0.002145 | 0.002293 | 0.002384 | 0.002532 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.000113 | 0.000874 | 0.001821 | 0.002808 | 0.003755 | 0.004742 | 0.005689 |
| Camarilla | 0.002237 | 0.002414 | 0.002592 | 0.002769 | 0.002946 | 0.003124 | 0.003301 |
| Woodie | -0.000132 | 0.000864 | 0.001802 | 0.002798 | 0.003736 | 0.004732 | 0.005670 |
| Fibonacci | 0.000874 | 0.001613 | 0.002069 | 0.002808 | 0.003547 | 0.004003 | 0.004742 |
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): | 45.26 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -0.097725 | |
| AROON (14): | -64.285713 | |
| DEMA (21): | 0.002598 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.002629 | |
| Elder Ray (13): | -0.000026 | |
| Super Trend (3,10): | 0.002674 | |
| Zig ZAG (10): | 0.002572 | |
| VORTEX (21): | 0.8738 | |
| Stochastique (14,3,5): | 28.32 | |
| TEMA (21): | 0.002525 | |
| Williams %R (14): | -55.79 | |
| Chande Momentum Oscillator (20): | -0.000096 | |
| Repulse (5,40,3): | 0.5747 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0096 | |
| Courbe Coppock: | 15.90 |
| MA7: | 0.002308 | |
| MA20: | 0.002323 | |
| MA50: | 0.002680 | |
| MA100: | 0.004173 | |
| MAexp7: | 0.002567 | |
| MAexp20: | 0.002605 | |
| MAexp50: | 0.002548 | |
| MAexp100: | 0.002430 | |
| Price / MA7: | +12.31% | |
| Price / MA20: | +11.58% | |
| Price / MA50: | -3.28% | |
| Price / MA100: | -37.89% | |
| Price / MAexp7: | +0.97% | |
| Price / MAexp20: | -0.50% | |
| Price / MAexp50: | +1.73% | |
| Price / MAexp100: | +6.67% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis BITTORRENT - BTT/USD - 1H