BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

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

Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - Daily - Technical analysis published on 06/12/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

44%

28%

My opinion

Bearish under 40,672.60 USD

My targets

34,618.40 USD (-3.77%)

30,409.80 USD (-15.47%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BITCOIN - BTC/USD as long as the price remains well below 40,672.60 USD. The next bearish objective for sellers is set at 34,618.40 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 30,409.80 USD. If there is any crossing, the next objective would be the support located at 23,871.50 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

4.8

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

Additional analysis

Quotes

BITCOIN - BTC/USD rating 35,975.89 USD. On the day, this instrument lost -3.63% and was traded between 34,682.46 USD and 37,446.38 USD over the period. The price is currently at +3.73% from its lowest and -3.93% from its highest.

34,682.46

37,446.38

35,975.89

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

Technical

A technical analysis in Daily of this BITCOIN - BTC/USD chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.

On the 18 technical indicators analysed, 8 are bullish, 5 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	23,871.50	30,409.80	34,618.40	35,975.89	40,672.60	45,251.90	51,327.60
Change (%)	-33.65%	-15.47%	-3.77%	-	+13.06%	+25.78%	+42.67%
Change	-12,104.39	-5,566.09	-1,357.49	-	+4,696.71	+9,276.01	+15,351.71
Level	Minor	Major	Major	-	Intermediate	Minor	Minor

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	34,671.05	35,332.02	36,332.19	36,993.16	37,993.33	38,654.30	39,654.47
Camarilla	36,875.55	37,027.82	37,180.09	37,332.36	37,484.63	37,636.90	37,789.17
Woodie	34,840.65	35,416.82	36,501.79	37,077.96	38,162.93	38,739.10	39,824.07
Fibonacci	35,332.02	35,966.58	36,358.61	36,993.16	37,627.72	38,019.75	38,654.30

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26,771.58	30,097.39	32,819.38	36,145.19	38,867.18	42,192.99	44,914.98
Camarilla	33,878.23	34,432.61	34,986.99	35,541.37	36,095.75	36,650.13	37,204.52
Woodie	26,469.67	29,946.44	32,517.47	35,994.24	38,565.27	42,042.04	44,613.07
Fibonacci	30,097.39	32,407.65	33,834.93	36,145.19	38,455.45	39,882.73	42,192.99

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-4,574.17	12,716.37	25,010.13	42,300.67	54,594.43	71,884.97	84,178.73
Camarilla	29,168.22	31,880.11	34,592.01	37,303.90	40,015.79	42,727.69	45,439.58
Woodie	-7,072.55	11,467.18	22,511.75	41,051.48	52,096.05	70,635.78	81,680.35
Fibonacci	12,716.37	24,017.57	30,999.46	42,300.67	53,601.87	60,583.76	71,884.97

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):	42.23
MACD (12,26,9):	-2,336.0400
Directional Movement:	-14.20
AROON (14):	-35.72
DEMA (21):	34,071.48
Parabolic SAR (0,02-0,02-0,2):	40,128.21
Elder Ray (13):	-510.74
Super Trend (3,10):	42,859.66
Zig ZAG (10):	35,889.04
VORTEX (21):	0.9900
Stochastique (14,3,5):	67.15
TEMA (21):	35,031.52
Williams %R (14):	-38.80
Chande Momentum Oscillator (20):	-1,134.39
Repulse (5,40,3):	2.6100
ROCnROLL:	2
TRIX (15,9):	-1.0600
Courbe Coppock:	4.22

MA7:	35,741.80
MA20:	36,699.82
MA50:	45,006.30
MA100:	50,923.91
MAexp7:	36,261.00
MAexp20:	37,641.19
MAexp50:	42,837.85
MAexp100:	45,199.20
Price / MA7:	+0.65%
Price / MA20:	-1.97%
Price / MA50:	-20.06%
Price / MA100:	-29.35%
Price / MAexp7:	-0.79%
Price / MAexp20:	-4.42%
Price / MAexp50:	-16.02%
Price / MAexp100:	-20.41%

Quotes : - Real time data - Cryptocompare

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

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