BITCOIN BEP2 - BTCB/USD - 1H - Technical analysis published on 09/23/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
BITCOIN BEP2 - BTCB/USD Chart
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 26,893.30 USD
My targets
26,389.29 USD (-0.66%)
25,147.03 USD (-5.33%)
My analysis
The bearish trend is currently very strong for BITCOIN BEP2 - BTCB/USD. As long as the price remains below the resistance at 26,893.30 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 26,389.29 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 25,147.03 USD as an objective. Crossing it would then enable sellers to target 20,209.90 USD. 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.1
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This analysis was given by Londinia.
Additional analysis
Quotes
The BITCOIN BEP2 - BTCB/USD price is 26,563.59 USD. On the day, this instrument lost -0.05% and was between 26,512.81 USD and 26,610.45 USD. This implies that the price is at +0.19% from its lowest and at -0.18% from its highest.26,512.81
26,610.45
26,563.59
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
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this BITCOIN BEP2 - BTCB/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Upside gap
Type : Bullish
Timeframe : 1 hour
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26,265.45 | 26,389.29 | 26,500.94 | 26,563.59 | 26,688.98 | 26,893.30 | 27,299.71 |
| Change (%) | -1.12% | -0.66% | -0.24% | - | +0.47% | +1.24% | +2.77% |
| Change | -298.14 | -174.30 | -62.65 | - | +125.39 | +329.71 | +736.12 |
| Level | Major | Minor | Intermediate | - | Intermediate | 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 | 26,182.82 | 26,325.73 | 26,450.61 | 26,593.52 | 26,718.40 | 26,861.31 | 26,986.19 |
| Camarilla | 26,501.85 | 26,526.40 | 26,550.94 | 26,575.49 | 26,600.04 | 26,624.59 | 26,649.13 |
| Woodie | 26,173.81 | 26,321.22 | 26,441.60 | 26,589.01 | 26,709.39 | 26,856.80 | 26,977.18 |
| Fibonacci | 26,325.73 | 26,428.03 | 26,491.22 | 26,593.52 | 26,695.82 | 26,759.01 | 26,861.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23,351.11 | 24,126.64 | 25,342.23 | 26,117.76 | 27,333.35 | 28,108.88 | 29,324.47 |
| Camarilla | 26,010.25 | 26,192.77 | 26,375.29 | 26,557.81 | 26,740.33 | 26,922.85 | 27,105.37 |
| Woodie | 23,571.13 | 24,236.66 | 25,562.25 | 26,227.78 | 27,553.37 | 28,218.90 | 29,544.49 |
| Fibonacci | 24,126.64 | 24,887.25 | 25,357.16 | 26,117.76 | 26,878.37 | 27,348.28 | 28,108.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19,042.70 | 22,117.20 | 24,029.00 | 27,103.50 | 29,015.30 | 32,089.80 | 34,001.60 |
| Camarilla | 24,569.57 | 25,026.65 | 25,483.72 | 25,940.80 | 26,397.88 | 26,854.96 | 27,312.03 |
| Woodie | 18,461.35 | 21,826.53 | 23,447.65 | 26,812.83 | 28,433.95 | 31,799.13 | 33,420.25 |
| Fibonacci | 22,117.20 | 24,021.97 | 25,198.73 | 27,103.50 | 29,008.27 | 30,185.03 | 32,089.80 |
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): | 43.52 | |
| MACD (12,26,9): | -31.5900 | |
| Directional Movement: | -11.18 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 26,535.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 26,578.50 | |
| Elder Ray (13): | -16.14 | |
| Super Trend (3,10): | 26,702.84 | |
| Zig ZAG (10): | 26,551.00 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 28.55 | |
| TEMA (21): | 26,552.92 | |
| Williams %R (14): | -61.02 | |
| Chande Momentum Oscillator (20): | -24.08 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.45 |
| MA7: | 26,762.62 | |
| MA20: | 26,273.73 | |
| MA50: | 26,989.13 | |
| MA100: | 28,362.30 | |
| MAexp7: | 26,555.63 | |
| MAexp20: | 26,580.96 | |
| MAexp50: | 26,667.92 | |
| MAexp100: | 26,737.41 | |
| Price / MA7: | -0.74% | |
| Price / MA20: | +1.10% | |
| Price / MA50: | -1.58% | |
| Price / MA100: | -6.34% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.39% | |
| Price / MAexp100: | -0.65% |
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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