BITCOIN - BTC/USD - Daily - Technical analysis published on 05/13/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 53,277.80 USD
My targets
48,264.70 USD (-0.40%)
40,672.60 USD (-16.06%)
My analysis
In the short term, we can see an acceleration in the bearish trend on BITCOIN - BTC/USD, which is a positive signal for sellers. As long as the price remains above 53,277.80 USD, a sale could be considered. The first bearish objective is located at 48,264.70 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 40,672.60 USD as an objective. Crossing it would then enable sellers to target 30,409.80 USD. If the price were to return above 53,277.80 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
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
5
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 rating is 48,456.70 USD. The price is lower by -2.09% since the last closing with the lowest point at 46,444.60 USD and the highest point at 51,412.40 USD. The deviation from the price is +4.33% for the low point and -5.75% for the high point.46,444.60
51,412.40
48,456.70
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of BITCOIN - BTC/USD in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 19,345.50 | 30,409.80 | 40,672.60 | 48,456.70 | 53,277.80 | 61,170.60 |
| Change (%) | -60.08% | -37.24% | -16.06% | - | +9.95% | +26.24% |
| Change | -29,111.20 | -18,046.90 | -7,784.10 | - | +4,821.10 | +12,713.90 |
| Level | Major | Major | Intermediate | - | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36,878.19 | 42,813.35 | 46,152.37 | 52,087.53 | 55,426.55 | 61,361.71 | 64,700.73 |
| Camarilla | 46,941.00 | 47,791.13 | 48,641.27 | 49,491.40 | 50,341.53 | 51,191.67 | 52,041.80 |
| Woodie | 35,580.13 | 42,164.32 | 44,854.31 | 51,438.50 | 54,128.49 | 60,712.68 | 63,402.67 |
| Fibonacci | 42,813.35 | 46,356.08 | 48,544.79 | 52,087.53 | 55,630.26 | 57,818.97 | 61,361.71 |
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): | 36.28 | |
| MACD (12,26,9): | -900.5300 | |
| Directional Movement: | -19.51 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 54,185.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 59,157.53 | |
| Elder Ray (13): | -5,639.77 | |
| Super Trend (3,10): | 59,314.51 | |
| Zig ZAG (10): | 48,629.00 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 27.58 | |
| TEMA (21): | 53,300.02 | |
| Williams %R (14): | -85.52 | |
| Chande Momentum Oscillator (20): | -9,486.40 | |
| Repulse (5,40,3): | -16.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 1.09 |
| MA7: | 54,940.96 | |
| MA20: | 54,928.38 | |
| MA50: | 56,602.53 | |
| MA100: | 53,654.63 | |
| MAexp7: | 53,242.29 | |
| MAexp20: | 55,093.21 | |
| MAexp50: | 55,133.97 | |
| MAexp100: | 51,180.77 | |
| Price / MA7: | -11.80% | |
| Price / MA20: | -11.78% | |
| Price / MA50: | -14.39% | |
| Price / MA100: | -9.69% | |
| Price / MAexp7: | -8.99% | |
| Price / MAexp20: | -12.05% | |
| Price / MAexp50: | -12.11% | |
| Price / MAexp100: | -5.32% |
Quotes :
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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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