BITCOIN - BTC/USD - Daily - Technical analysis published on 05/12/2021 (GMT)
- 150
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
33%
39%
28%
My opinion
Neutral between 49,116.20 USD and 56,578.00 USD
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 49,116.20 USD. The first resistance is located at 56,578.00 USD. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by BITCOIN - BTC/USD.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this 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.
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Additional analysis
Quotes
The BITCOIN - BTC/USD price is 52,076.70 USD. The price registered a decrease of -8.24% on the session with the lowest point at 52,068.10 USD and the highest point at 58,022.68 USD. The deviation from the price is +0.02% for the low point and -10.25% for the high point.52,068.10
58,022.68
52,076.70
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:
Technical
Technical analysis of this Daily chart of BITCOIN - BTC/USD indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 30,409.80 | 40,672.60 | 49,116.20 | 52,076.70 | 61,170.60 |
Change (%) | -41.61% | -21.90% | -5.68% | - | +17.46% |
Change | -21,666.90 | -11,404.10 | -2,960.50 | - | +9,093.90 |
Level | Major | Intermediate | 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 | 52,751.41 | 53,634.77 | 55,194.65 | 56,078.01 | 57,637.89 | 58,521.25 | 60,081.13 |
Camarilla | 56,082.63 | 56,306.59 | 56,530.56 | 56,754.52 | 56,978.48 | 57,202.45 | 57,426.41 |
Woodie | 53,089.66 | 53,803.90 | 55,532.90 | 56,247.14 | 57,976.14 | 58,690.38 | 60,419.38 |
Fibonacci | 53,634.77 | 54,568.09 | 55,144.70 | 56,078.01 | 57,011.33 | 57,587.94 | 58,521.25 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 48,360.57 | 50,719.84 | 54,839.45 | 57,198.72 | 61,318.33 | 63,677.60 | 67,797.21 |
Camarilla | 57,177.38 | 57,771.28 | 58,365.17 | 58,959.07 | 59,552.97 | 60,146.87 | 60,740.76 |
Woodie | 49,240.75 | 51,159.93 | 55,719.63 | 57,638.81 | 62,198.51 | 64,117.69 | 68,677.39 |
Fibonacci | 50,719.84 | 53,194.77 | 54,723.79 | 57,198.72 | 59,673.65 | 61,202.67 | 63,677.60 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 30,416.90 | 38,730.20 | 48,264.70 | 56,578.00 | 66,112.50 | 74,425.80 | 83,960.30 |
Camarilla | 52,891.06 | 54,527.10 | 56,163.15 | 57,799.20 | 59,435.25 | 61,071.30 | 62,707.35 |
Woodie | 31,027.50 | 39,035.50 | 48,875.30 | 56,883.30 | 66,723.10 | 74,731.10 | 84,570.90 |
Fibonacci | 38,730.20 | 45,548.06 | 49,760.14 | 56,578.00 | 63,395.86 | 67,607.94 | 74,425.80 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 46.11 | |
MACD (12,26,9): | 53.4100 | |
Directional Movement: | -4.33 | |
AROON (14): | 78.57 | |
DEMA (21): | 56,284.82 | |
Parabolic SAR (0,02-0,02-0,2): | 59,591.24 | |
Elder Ray (13): | -522.12 | |
Super Trend (3,10): | 59,314.51 | |
Zig ZAG (10): | 54,578.70 | |
VORTEX (21): | 1.0000 | |
Stochastique (14,3,5): | 45.89 | |
TEMA (21): | 56,302.88 | |
Williams %R (14): | -71.42 | |
Chande Momentum Oscillator (20): | -3,365.60 | |
Repulse (5,40,3): | -4.9400 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0200 | |
Courbe Coppock: | 10.79 |
MA7: | 56,918.59 | |
MA20: | 55,325.88 | |
MA50: | 56,783.58 | |
MA100: | 53,578.37 | |
MAexp7: | 56,369.30 | |
MAexp20: | 56,285.94 | |
MAexp50: | 55,613.23 | |
MAexp100: | 51,336.41 | |
Price / MA7: | -8.51% | |
Price / MA20: | -5.87% | |
Price / MA50: | -8.29% | |
Price / MA100: | -2.80% | |
Price / MAexp7: | -7.62% | |
Price / MAexp20: | -7.48% | |
Price / MAexp50: | -6.36% | |
Price / MAexp100: | +1.44% |
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
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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