BITCOIN - BTC/USD - Daily - Technical analysis published on 09/26/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 44,825.70 USD
My targets
40,574.60 USD (-6.17%)
35,819.80 USD (-17.16%)
My analysis
The strong short-term decline of BITCOIN - BTC/USD reinforces the current slightly bearish trend. As long as the price remains below 44,825.70 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 40,574.60 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 35,819.80 USD as an objective. Crossing it would then enable sellers to target 29,917.70 USD. A return to above 44,825.70 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.9
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 generalindo. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 43,241.00 USD. On the day, this instrument gained +1.22% and was between 40,812.72 USD and 43,728.99 USD. This implies that the price is at +5.95% from its lowest and at -1.12% from its highest.40,812.72
43,728.99
43,241.00
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 slightly bearish. 60.71% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of 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 : Moving Average 50
Type : Bearish
Timeframe : Daily
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : Daily
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 29,917.70 | 35,819.80 | 40,574.60 | 43,241.00 | 44,825.70 | 49,110.80 | 52,682.50 |
| Change (%) | -30.81% | -17.16% | -6.17% | - | +3.66% | +13.57% | +21.83% |
| Change | -13,323.30 | -7,421.20 | -2,666.40 | - | +1,584.70 | +5,869.80 | +9,441.50 |
| Level | Major | Minor | Major | - | Major | Intermediate | Intermediate |
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 | 40,681.75 | 41,197.02 | 41,958.65 | 42,473.92 | 43,235.55 | 43,750.82 | 44,512.45 |
| Camarilla | 42,369.12 | 42,486.17 | 42,603.22 | 42,720.27 | 42,837.32 | 42,954.37 | 43,071.42 |
| Woodie | 40,804.92 | 41,258.61 | 42,081.82 | 42,535.51 | 43,358.72 | 43,812.41 | 44,635.62 |
| Fibonacci | 41,197.02 | 41,684.80 | 41,986.15 | 42,473.92 | 42,961.70 | 43,263.05 | 43,750.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30,089.48 | 34,859.29 | 38,789.78 | 43,559.59 | 47,490.08 | 52,259.89 | 56,190.38 |
| Camarilla | 40,327.69 | 41,125.22 | 41,922.74 | 42,720.27 | 43,517.80 | 44,315.33 | 45,112.85 |
| Woodie | 29,669.82 | 34,649.46 | 38,370.12 | 43,349.76 | 47,070.42 | 52,050.06 | 55,770.72 |
| Fibonacci | 34,859.29 | 38,182.81 | 40,236.08 | 43,559.59 | 46,883.11 | 48,936.38 | 52,259.89 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35,478.63 | 39,154.87 | 43,148.33 | 46,824.57 | 50,818.03 | 54,494.27 | 58,487.73 |
| Camarilla | 45,032.63 | 45,735.69 | 46,438.74 | 47,141.80 | 47,844.86 | 48,547.91 | 49,250.97 |
| Woodie | 35,637.25 | 39,234.18 | 43,306.95 | 46,903.88 | 50,976.65 | 54,573.58 | 58,646.35 |
| Fibonacci | 39,154.87 | 42,084.69 | 43,894.74 | 46,824.57 | 49,754.39 | 51,564.44 | 54,494.27 |
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): | 43.77 | |
| MACD (12,26,9): | -1,047.4700 | |
| Directional Movement: | -21.66 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 44,080.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 48,542.12 | |
| Elder Ray (13): | -2,252.46 | |
| Super Trend (3,10): | 49,426.03 | |
| Zig ZAG (10): | 43,214.06 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 37.01 | |
| TEMA (21): | 42,655.15 | |
| Williams %R (14): | -58.12 | |
| Chande Momentum Oscillator (20): | -3,651.08 | |
| Repulse (5,40,3): | 4.7800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2100 | |
| Courbe Coppock: | 12.80 |
| MA7: | 43,001.01 | |
| MA20: | 45,354.70 | |
| MA50: | 46,817.80 | |
| MA100: | 41,014.88 | |
| MAexp7: | 43,711.13 | |
| MAexp20: | 45,178.20 | |
| MAexp50: | 45,065.16 | |
| MAexp100: | 43,898.94 | |
| Price / MA7: | +0.56% | |
| Price / MA20: | -4.66% | |
| Price / MA50: | -7.64% | |
| Price / MA100: | +5.43% | |
| Price / MAexp7: | -1.08% | |
| Price / MAexp20: | -4.29% | |
| Price / MAexp50: | -4.05% | |
| Price / MAexp100: | -1.50% |
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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