BITCOIN - BTC/USD - Daily - Technical analysis published on 07/03/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
28%
50%
22%
My opinion
Bearish under 10,371.20 USD
My targets
8,397.92 USD (-7.71%)
7,373.66 USD (-18.96%)
My analysis
The current short-term bearish acceleration registered on BITCOIN - BTC/USD should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 10,371.20 USD. Short-term sellers will use the support located at 8,397.92 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 7,373.66 USD. Crossing this support would then open the door for sellers to target 5,875.21 USD. Caution, if there is a return to below 10,371.20 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.1
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 9,099.09 USD. The price has increased by +0.11% since the last closing and was between 9,055.40 USD and 9,125.30 USD. This implies that the price is at +0.48% from its lowest and at -0.29% from its highest.9,055.40
9,125.30
9,099.09
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
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 scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,875.21 | 7,373.66 | 8,397.92 | 9,099.09 | 9,286.39 | 10,371.20 | 12,932.90 |
| Change (%) | -35.43% | -18.96% | -7.71% | - | +2.06% | +13.98% | +42.13% |
| Change | -3,223.88 | -1,725.43 | -701.17 | - | +187.30 | +1,272.11 | +3,833.81 |
| Level | Major | Intermediate | Minor | - | Minor | Major | Major |
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 | 8,610.40 | 8,777.01 | 8,932.95 | 9,099.57 | 9,255.51 | 9,422.13 | 9,578.07 |
| Camarilla | 9,000.20 | 9,029.77 | 9,059.33 | 9,088.90 | 9,118.47 | 9,148.04 | 9,177.60 |
| Woodie | 8,605.06 | 8,774.34 | 8,927.62 | 9,096.90 | 9,250.18 | 9,419.46 | 9,572.74 |
| Fibonacci | 8,777.01 | 8,900.23 | 8,976.35 | 9,099.57 | 9,222.78 | 9,298.91 | 9,422.13 |
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 | 6,974.83 | 7,906.79 | 8,520.79 | 9,452.75 | 10,066.75 | 10,998.71 | 11,612.71 |
| Camarilla | 8,709.66 | 8,851.37 | 8,993.09 | 9,134.80 | 9,276.51 | 9,418.23 | 9,559.94 |
| Woodie | 6,815.86 | 7,827.30 | 8,361.82 | 9,373.26 | 9,907.78 | 10,919.22 | 11,453.74 |
| Fibonacci | 7,906.79 | 8,497.34 | 8,862.19 | 9,452.75 | 10,043.30 | 10,408.15 | 10,998.71 |
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): | 44.75 | |
| MACD (12,26,9): | -81.8100 | |
| Directional Movement: | -11.00 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 9,182.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,797.90 | |
| Elder Ray (13): | -127.13 | |
| Super Trend (3,10): | 8,715.18 | |
| Zig ZAG (10): | 9,099.98 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 31.83 | |
| TEMA (21): | 9,045.45 | |
| Williams %R (14): | -73.20 | |
| Chande Momentum Oscillator (20): | -190.89 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 5.96 |
| MA7: | 9,124.92 | |
| MA20: | 9,297.12 | |
| MA50: | 9,408.51 | |
| MA100: | 8,535.55 | |
| MAexp7: | 9,155.84 | |
| MAexp20: | 9,271.23 | |
| MAexp50: | 9,196.25 | |
| MAexp100: | 8,862.96 | |
| Price / MA7: | -0.28% | |
| Price / MA20: | -2.13% | |
| Price / MA50: | -3.29% | |
| Price / MA100: | +6.60% | |
| Price / MAexp7: | -0.62% | |
| Price / MAexp20: | -1.86% | |
| Price / MAexp50: | -1.06% | |
| Price / MAexp100: | +2.66% |
Quotes :
2020-07-03 16:34:04
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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