BITCOIN - BTC/USD - Daily - Technical analysis published on 06/21/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 37,214.04 USD
My targets
30,409.80 USD (-7.09%)
23,871.50 USD (-27.07%)
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 37,214.04 USD. The sellers' bearish objective is set at 30,409.80 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 23,871.50 USD. In case of crossing, the next objective would be the support located at 19,345.50 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7
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This analysis was given by cryptout. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 32,730.19 USD. On the day, this instrument lost -8.05% and was traded between 32,326.08 USD and 35,752.05 USD over the period. The price is currently at +1.25% from its lowest and -8.45% from its highest.32,326.08
35,752.05
32,730.19
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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 BITCOIN - BTC/USD in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19,345.50 | 23,871.50 | 30,409.80 | 32,730.19 | 40,672.60 | 51,327.60 | 57,611.20 |
| Change (%) | -40.89% | -27.07% | -7.09% | - | +24.27% | +56.82% | +76.02% |
| Change | -13,384.69 | -8,858.69 | -2,320.39 | - | +7,942.41 | +18,597.41 | +24,881.01 |
| Level | Major | Minor | Major | - | Intermediate | Minor | Minor |
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 | 31,200.27 | 32,286.86 | 33,940.97 | 35,027.56 | 36,681.67 | 37,768.26 | 39,422.37 |
| Camarilla | 34,841.39 | 35,092.62 | 35,343.85 | 35,595.08 | 35,846.31 | 36,097.54 | 36,348.77 |
| Woodie | 31,484.03 | 32,428.74 | 34,224.73 | 35,169.44 | 36,965.43 | 37,910.14 | 39,706.13 |
| Fibonacci | 32,286.86 | 33,333.81 | 33,980.61 | 35,027.56 | 36,074.51 | 36,721.31 | 37,768.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26,609.79 | 30,710.04 | 33,113.79 | 37,214.04 | 39,617.79 | 43,718.04 | 46,121.79 |
| Camarilla | 33,728.93 | 34,325.13 | 34,921.33 | 35,517.53 | 36,113.73 | 36,709.93 | 37,306.13 |
| Woodie | 25,761.53 | 30,285.92 | 32,265.53 | 36,789.92 | 38,769.53 | 43,293.92 | 45,273.53 |
| Fibonacci | 30,710.04 | 33,194.57 | 34,729.52 | 37,214.04 | 39,698.57 | 41,233.52 | 43,718.04 |
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): | 40.12 | |
| MACD (12,26,9): | -1,315.5900 | |
| Directional Movement: | -15.08 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 35,218.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 33,373.45 | |
| Elder Ray (13): | -1,953.95 | |
| Super Trend (3,10): | 42,842.95 | |
| Zig ZAG (10): | 34,418.31 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 39.77 | |
| TEMA (21): | 36,267.03 | |
| Williams %R (14): | -69.69 | |
| Chande Momentum Oscillator (20): | -3,512.35 | |
| Repulse (5,40,3): | -7.7000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5300 | |
| Courbe Coppock: | 2.13 |
| MA7: | 36,612.36 | |
| MA20: | 36,827.70 | |
| MA50: | 41,973.18 | |
| MA100: | 49,417.08 | |
| MAexp7: | 35,777.63 | |
| MAexp20: | 37,259.38 | |
| MAexp50: | 41,160.04 | |
| MAexp100: | 43,915.43 | |
| Price / MA7: | -10.60% | |
| Price / MA20: | -11.13% | |
| Price / MA50: | -22.02% | |
| Price / MA100: | -33.77% | |
| Price / MAexp7: | -8.52% | |
| Price / MAexp20: | -12.16% | |
| Price / MAexp50: | -20.48% | |
| Price / MAexp100: | -25.47% |
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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