BITCOIN - BTC/USDT

- USDT (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	BTCUSDT
ISIN:

BITCOIN - BTC/USDT - Weekly - Technical analysis published on 02/17/2022 (GMT)

Londinia

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!

Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

22%

39%

My opinion

Bearish under 52,654.30 USDT

My targets

40,648.70 USDT (-7.72%)

29,848.90 USDT (-32.24%)

My analysis

The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for BITCOIN - BTC/USDT as long as the price remains well below 52,654.30 USDT. The sellers' bearish objective is set at 40,648.70 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 29,848.90 USDT. If there is any crossing, the next objective would be the support located at 10,151.30 USDT.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

1.6

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

Additional analysis

Quotes

BITCOIN - BTC/USDT rating 44,049.56 USDT. Over 5 days, this instrument gained +1.28% and has been traded over the last 5 days between 41,574.80 USDT and 42,993.00 USDT. This implies that the 5 day price is +5.95% from its lowest point and +2.46% from its highest point.

41,574.80

42,993.00

44,049.56

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Weekly chart of BITCOIN - BTC/USDT indicates that the overall trend is not clearly defined. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.

On the 18 technical indicators analysed, 4 are bullish, 7 are neutral and 7 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish engulfing lines

Type : Bullish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	10,151.30	29,848.90	40,648.70	44,049.56	52,654.30	67,514.20
Change (%)	-76.95%	-32.24%	-7.72%	-	+19.53%	+53.27%
Change	-33,898.26	-14,200.66	-3,400.86	-	+8,604.74	+23,464.64
Level	Minor	Major	Major	-	Intermediate	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	42,091.93	42,717.50	43,297.39	43,922.96	44,502.85	45,128.42	45,708.31
Camarilla	43,545.78	43,656.28	43,766.78	43,877.28	43,987.78	44,098.28	44,208.78
Woodie	42,069.09	42,706.08	43,274.55	43,911.54	44,480.01	45,117.00	45,685.47
Fibonacci	42,717.50	43,177.99	43,462.47	43,922.96	44,383.45	44,667.93	45,128.42

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35,663.96	38,400.18	40,306.06	43,042.28	44,948.16	47,684.38	49,590.26
Camarilla	40,935.36	41,360.89	41,786.41	42,211.94	42,637.47	43,062.99	43,488.52
Woodie	35,248.79	38,192.60	39,890.89	42,834.70	44,532.99	47,476.80	49,175.09
Fibonacci	38,400.18	40,173.46	41,269.00	43,042.28	44,815.56	45,911.10	47,684.38

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16,707.67	24,847.63	31,656.57	39,796.53	46,605.47	54,745.43	61,554.37
Camarilla	34,354.55	35,724.87	37,095.18	38,465.50	39,835.82	41,206.13	42,576.45
Woodie	16,042.15	24,514.88	30,991.05	39,463.78	45,939.95	54,412.68	60,888.85
Fibonacci	24,847.63	30,558.11	34,086.05	39,796.53	45,507.01	49,034.95	54,745.43

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):	47.08
MACD (12,26,9):	-1,813.9700
Directional Movement:	-4.59
AROON (14):	-78.57
DEMA (21):	44,861.09
Parabolic SAR (0,02-0,02-0,2):	53,743.79
Elder Ray (13):	-1,871.98
Super Trend (3,10):	56,929.14
Zig ZAG (10):	44,087.98
VORTEX (21):	1.0100
Stochastique (14,3,5):	28.37
TEMA (21):	41,040.56
Williams %R (14):	-66.88
Chande Momentum Oscillator (20):	-13,249.85
Repulse (5,40,3):	6.6800
ROCnROLL:	-1
TRIX (15,9):	-0.0700
Courbe Coppock:	54.07

MA7:	43,096.31
MA20:	41,507.45
MA50:	41,651.93
MA100:	47,685.46
MAexp7:	42,994.94
MAexp20:	46,296.21
MAexp50:	44,068.96
MAexp100:	36,033.05
Price / MA7:	+2.21%
Price / MA20:	+6.12%
Price / MA50:	+5.76%
Price / MA100:	-7.62%
Price / MAexp7:	+2.45%
Price / MAexp20:	-4.85%
Price / MAexp50:	-0.04%
Price / MAexp100:	+22.25%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

Online

Overall rating :

15119

Number of analyses :

73881

Followers :

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…