BITCOIN - BTC/USD - Daily - Technical analysis published on 06/28/2020 (GMT)
- Who voted?
- 165
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
11%
78%
11%
My opinion
Bearish under 9,286.26 USD
My targets
8,397.92 USD (-6.11%)
6,618.31 USD (-26.00%)
My analysis
The strong short-term decrease of BITCOIN - BTC/USD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 9,286.26 USD, a sale could be considered. The first bearish objective is located at 8,397.92 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 6,618.31 USD. If there is any crossing, the next objective would be support 5,875.21 USD. Caution, if there is a return to above 9,286.26 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
3.2
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 lokisynz1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 8,944.12 USD. On the day, this instrument lost -0.65% and was between 8,934.30 USD and 9,004.54 USD. This implies that the price is at +0.11% from its lowest and at -0.67% from its highest.8,934.30
9,004.54
8,944.12
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
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BITCOIN - BTC/USD 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. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
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 support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,875.21 | 6,618.31 | 8,397.92 | 8,944.12 | 9,286.26 | 10,371.20 | 12,932.90 |
| Change (%) | -34.31% | -26.00% | -6.11% | - | +3.83% | +15.96% | +44.60% |
| Change | -3,068.91 | -2,325.81 | -546.20 | - | +342.14 | +1,427.08 | +3,988.78 |
| Level | Major | Intermediate | Minor | - | Major | Intermediate | Intermediate |
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 | 8,484.13 | 8,661.43 | 8,831.96 | 9,009.26 | 9,179.79 | 9,357.09 | 9,527.62 |
| Camarilla | 8,906.83 | 8,938.71 | 8,970.60 | 9,002.48 | 9,034.37 | 9,066.25 | 9,098.13 |
| Woodie | 8,480.74 | 8,659.74 | 8,828.57 | 9,007.57 | 9,176.40 | 9,355.40 | 9,524.23 |
| Fibonacci | 8,661.43 | 8,794.31 | 8,876.39 | 9,009.26 | 9,142.13 | 9,224.22 | 9,357.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,680.46 | 8,259.60 | 8,631.04 | 9,210.18 | 9,581.62 | 10,160.76 | 10,532.20 |
| Camarilla | 8,741.07 | 8,828.21 | 8,915.34 | 9,002.48 | 9,089.62 | 9,176.75 | 9,263.89 |
| Woodie | 7,576.61 | 8,207.68 | 8,527.19 | 9,158.26 | 9,477.77 | 10,108.84 | 10,428.35 |
| Fibonacci | 8,259.60 | 8,622.72 | 8,847.06 | 9,210.18 | 9,573.30 | 9,797.64 | 10,160.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,411.98 | 7,269.37 | 8,357.93 | 9,215.32 | 10,303.88 | 11,161.27 | 12,249.83 |
| Camarilla | 8,911.36 | 9,089.74 | 9,268.12 | 9,446.50 | 9,624.88 | 9,803.26 | 9,981.64 |
| Woodie | 6,527.58 | 7,327.16 | 8,473.53 | 9,273.11 | 10,419.48 | 11,219.06 | 12,365.43 |
| Fibonacci | 7,269.37 | 8,012.72 | 8,471.96 | 9,215.32 | 9,958.67 | 10,417.91 | 11,161.27 |
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): | 40.20 | |
| MACD (12,26,9): | -78.5100 | |
| Directional Movement: | -13.53 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 9,270.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,015.09 | |
| Elder Ray (13): | -309.50 | |
| Super Trend (3,10): | 8,715.18 | |
| Zig ZAG (10): | 8,948.21 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 19.00 | |
| TEMA (21): | 9,088.90 | |
| Williams %R (14): | -88.48 | |
| Chande Momentum Oscillator (20): | -578.25 | |
| Repulse (5,40,3): | -2.1700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 6.13 |
| MA7: | 9,277.75 | |
| MA20: | 9,394.68 | |
| MA50: | 9,394.54 | |
| MA100: | 8,395.78 | |
| MAexp7: | 9,174.52 | |
| MAexp20: | 9,334.29 | |
| MAexp50: | 9,199.45 | |
| MAexp100: | 8,832.47 | |
| Price / MA7: | -3.60% | |
| Price / MA20: | -4.80% | |
| Price / MA50: | -4.79% | |
| Price / MA100: | +6.53% | |
| Price / MAexp7: | -2.51% | |
| Price / MAexp20: | -4.18% | |
| Price / MAexp50: | -2.78% | |
| Price / MAexp100: | +1.26% |
Quotes :
2020-06-28 04:49:21
-
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 BITCOIN - BTC/USD - Daily