BITCOIN BEP2 - BTCB/USD - Daily - Technical analysis published on 12/16/2022 (GMT)
- 96
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
BITCOIN BEP2 - BTCB/USD Chart
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 19,108.70 USD
My targets
15,831.00 USD (-8.90%)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 19,108.70 USD remains possible. It is advisable to trade BITCOIN BEP2 - BTCB/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 19,108.70 USD. The next bearish objective for sellers is set at 15,831.00 USD. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 19,108.70 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.8
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This analysis was given by Londinia.
Additional analysis
Quotes
The BITCOIN BEP2 - BTCB/USD price is 17,376.90 USD. On the day, this instrument lost -2.41% and was traded between 17,343.51 USD and 17,881.86 USD over the period. The price is currently at +0.19% from its lowest and -2.82% from its highest.17,343.51
17,881.86
17,376.90
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this BITCOIN BEP2 - BTCB/USD chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 15,831.00 | 17,192.50 | 17,376.90 | 19,108.70 | 21,359.70 | 24,452.60 |
| Change (%) | -8.90% | -1.06% | - | +9.97% | +22.92% | +40.72% |
| Change | -1,545.90 | -184.40 | - | +1,731.80 | +3,982.80 | +7,075.70 |
| Level | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16,942.99 | 17,338.67 | 17,572.72 | 17,968.40 | 18,202.45 | 18,598.13 | 18,832.18 |
| Camarilla | 17,633.60 | 17,691.33 | 17,749.06 | 17,806.78 | 17,864.51 | 17,922.23 | 17,979.96 |
| Woodie | 16,862.19 | 17,298.26 | 17,491.92 | 17,927.99 | 18,121.65 | 18,557.72 | 18,751.38 |
| Fibonacci | 17,338.67 | 17,579.22 | 17,727.84 | 17,968.40 | 18,208.95 | 18,357.57 | 18,598.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16,209.02 | 16,485.01 | 16,805.02 | 17,081.01 | 17,401.02 | 17,677.01 | 17,997.02 |
| Camarilla | 16,961.13 | 17,015.76 | 17,070.40 | 17,125.03 | 17,179.66 | 17,234.30 | 17,288.93 |
| Woodie | 16,231.03 | 16,496.02 | 16,827.03 | 17,092.02 | 17,423.03 | 17,688.02 | 18,019.03 |
| Fibonacci | 16,485.01 | 16,712.68 | 16,853.34 | 17,081.01 | 17,308.68 | 17,449.34 | 17,677.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,895.53 | 12,261.77 | 14,713.83 | 18,080.07 | 20,532.13 | 23,898.37 | 26,350.43 |
| Camarilla | 15,565.87 | 16,099.21 | 16,632.56 | 17,165.90 | 17,699.24 | 18,232.59 | 18,765.93 |
| Woodie | 8,438.45 | 12,033.23 | 14,256.75 | 17,851.53 | 20,075.05 | 23,669.83 | 25,893.35 |
| Fibonacci | 12,261.77 | 14,484.36 | 15,857.48 | 18,080.07 | 20,302.66 | 21,675.78 | 23,898.37 |
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): | 54.66 | |
| MACD (12,26,9): | 45.5200 | |
| Directional Movement: | 9.46 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 17,151.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 15,782.31 | |
| Elder Ray (13): | 412.59 | |
| Super Trend (3,10): | 17,874.98 | |
| Zig ZAG (10): | 17,540.39 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 67.18 | |
| TEMA (21): | 17,549.03 | |
| Williams %R (14): | -51.38 | |
| Chande Momentum Oscillator (20): | 601.89 | |
| Repulse (5,40,3): | -0.8700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 7.54 |
| MA7: | 17,352.83 | |
| MA20: | 17,020.85 | |
| MA50: | 17,762.01 | |
| MA100: | 18,698.74 | |
| MAexp7: | 17,416.69 | |
| MAexp20: | 17,196.43 | |
| MAexp50: | 17,650.98 | |
| MAexp100: | 18,941.96 | |
| Price / MA7: | +0.14% | |
| Price / MA20: | +2.09% | |
| Price / MA50: | -2.17% | |
| Price / MA100: | -7.07% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | +1.05% | |
| Price / MAexp50: | -1.55% | |
| Price / MAexp100: | -8.26% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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