BITCOIN BEP2 - BTCB/USD

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Type:	Cryptocurrencies
Ticker:	BTCBUSD
ISIN:

BITCOIN BEP2 - BTCB/USD - Daily - Technical analysis published on 10/08/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

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BITCOIN BEP2 - BTCB/USD Chart

Summary of the analysis

Trends

Short term: Neutral

Underlying: Strongly bearish

Technical indicators

50%

17%

33%

My opinion

Bearish under 21,499.40 USD

My targets

18,779.70 USD (-3.73%)

My analysis

The basic trend is very bearish on BITCOIN BEP2 - BTCB/USD but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on BITCOIN BEP2 - BTCB/USD. As long as you stay below the resistance 21,499.40 USD, sellers' retain the upper hand. A break in the support at 18,779.70 USD would be a signal that the basic trend will reverse. If the price were to depress the resistance 21,499.40 USD in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

3.2

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.

Additional analysis

Quotes

BITCOIN BEP2 - BTCB/USD rating 19,506.89 USD. The price is lower by -0.08% since the last closing and was traded between 19,453.38 USD and 19,588.00 USD over the period. The price is currently at +0.28% from its lowest and -0.41% from its highest.

19,453.38

19,588.00

19,506.89

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

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

Technical

Technical analysis of this Daily chart of BITCOIN BEP2 - BTCB/USD indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

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 : Daily

The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:

Bullish harami

Type : Bullish

Timeframe : Daily

Bullish harami cross

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	18,779.70	19,506.89	21,499.40	28,549.10	39,581.10
Change (%)	-3.73%	-	+10.21%	+46.35%	+102.91%
Change	-727.19	-	+1,992.51	+9,042.21	+20,074.21
Level	Intermediate	-	Minor	Intermediate	Minor

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	18,473.31	18,898.61	19,210.15	19,635.45	19,946.99	20,372.29	20,683.83
Camarilla	19,319.06	19,386.60	19,454.15	19,521.69	19,589.23	19,656.78	19,724.32
Woodie	18,416.43	18,870.17	19,153.27	19,607.01	19,890.11	20,343.85	20,626.95
Fibonacci	18,898.61	19,180.08	19,353.98	19,635.45	19,916.92	20,090.82	20,372.29

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16,645.10	17,606.40	18,459.10	19,420.40	20,273.10	21,234.40	22,087.10
Camarilla	18,812.95	18,979.23	19,145.52	19,311.80	19,478.08	19,644.37	19,810.65
Woodie	16,590.80	17,579.25	18,404.80	19,393.25	20,218.80	21,207.25	22,032.80
Fibonacci	17,606.40	18,299.35	18,727.45	19,420.40	20,113.35	20,541.45	21,234.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13,151.83	15,753.47	17,588.83	20,190.47	22,025.83	24,627.47	26,462.83
Camarilla	18,204.03	18,610.75	19,017.48	19,424.20	19,830.93	20,237.65	20,644.38
Woodie	12,768.70	15,561.90	17,205.70	19,998.90	21,642.70	24,435.90	26,079.70
Fibonacci	15,753.47	17,448.40	18,495.53	20,190.47	21,885.40	22,932.53	24,627.47

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):	47.60
MACD (12,26,9):	-100.6400
Directional Movement:	1.55
AROON (14):	57.14
DEMA (21):	19,443.16
Parabolic SAR (0,02-0,02-0,2):	18,693.87
Elder Ray (13):	-106.14
Super Trend (3,10):	21,393.23
Zig ZAG (10):	19,540.27
VORTEX (21):	0.9800
Stochastique (14,3,5):	60.96
TEMA (21):	19,700.17
Williams %R (14):	-46.41
Chande Momentum Oscillator (20):	313.87
Repulse (5,40,3):	-1.0100
ROCnROLL:	2
TRIX (15,9):	-0.1500
Courbe Coppock:	6.33

MA7:	19,740.80
MA20:	19,381.03
MA50:	19,999.20
MA100:	21,119.83
MAexp7:	19,677.26
MAexp20:	19,652.30
MAexp50:	20,248.16
MAexp100:	21,983.67
Price / MA7:	-1.18%
Price / MA20:	+0.65%
Price / MA50:	-2.46%
Price / MA100:	-7.64%
Price / MAexp7:	-0.87%
Price / MAexp20:	-0.74%
Price / MAexp50:	-3.66%
Price / MAexp100:	-11.27%

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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