BITCOIN - BTC/USD - Daily - Technical analysis published on 09/28/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 43,809.73 USD
My targets
35,819.80 USD (-13.59%)
29,917.70 USD (-27.83%)
My analysis
BITCOIN - BTC/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 43,809.73 USD. The next support located at 35,819.80 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 29,917.70 USD. Below this support, sellers could then target 19,345.50 USD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 41,453.44 USD. The price is lower by -1.75% since the last closing with the lowest point at 41,316.37 USD and the highest point at 42,772.87 USD. The deviation from the price is +0.33% for the low point and -3.08% for the high point.41,316.37
42,772.87
41,453.44
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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
A technical analysis in Daily of this BITCOIN - BTC/USD chart shows a bearish trend. The signals given by moving averages are 64.29% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a bearish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
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 | 41,453.44 | 48,210.80 | 52,682.50 | 58,992.90 |
| Change (%) | -27.83% | -13.59% | -2.12% | - | +16.30% | +27.09% | +42.31% |
| Change | -11,535.74 | -5,633.64 | -878.84 | - | +6,757.36 | +11,229.06 | +17,539.46 |
| Level | Major | Minor | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39,212.67 | 40,669.44 | 41,431.23 | 42,888.00 | 43,649.79 | 45,106.56 | 45,868.35 |
| Camarilla | 41,582.92 | 41,786.28 | 41,989.65 | 42,193.02 | 42,396.39 | 42,599.76 | 42,803.12 |
| Woodie | 38,865.18 | 40,495.70 | 41,083.74 | 42,714.26 | 43,302.30 | 44,932.82 | 45,520.86 |
| Fibonacci | 40,669.44 | 41,516.93 | 42,040.51 | 42,888.00 | 43,735.49 | 44,259.07 | 45,106.56 |
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 | 37,132.13 | 40,477.67 | 43,809.73 | 47,155.27 | 50,487.33 | 53,832.87 | 57,164.93 |
| Camarilla | 45,305.46 | 45,917.57 | 46,529.69 | 47,141.80 | 47,753.91 | 48,366.03 | 48,978.14 |
| Woodie | 37,125.40 | 40,474.30 | 43,803.00 | 47,151.90 | 50,480.60 | 53,829.50 | 57,158.20 |
| Fibonacci | 40,477.67 | 43,028.51 | 44,604.42 | 47,155.27 | 49,706.11 | 51,282.02 | 53,832.87 |
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): | 39.60 | |
| MACD (12,26,9): | -1,271.1200 | |
| Directional Movement: | -16.08 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 43,170.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 47,843.34 | |
| Elder Ray (13): | -1,763.30 | |
| Super Trend (3,10): | 49,426.03 | |
| Zig ZAG (10): | 41,533.18 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 29.49 | |
| TEMA (21): | 41,704.25 | |
| Williams %R (14): | -78.31 | |
| Chande Momentum Oscillator (20): | -6,131.66 | |
| Repulse (5,40,3): | -4.0100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2800 | |
| Courbe Coppock: | 15.95 |
| MA7: | 43,016.29 | |
| MA20: | 44,889.10 | |
| MA50: | 46,687.67 | |
| MA100: | 41,140.34 | |
| MAexp7: | 42,891.52 | |
| MAexp20: | 44,564.09 | |
| MAexp50: | 44,814.51 | |
| MAexp100: | 43,811.02 | |
| Price / MA7: | -3.63% | |
| Price / MA20: | -7.65% | |
| Price / MA50: | -11.21% | |
| Price / MA100: | +0.76% | |
| Price / MAexp7: | -3.35% | |
| Price / MAexp20: | -6.98% | |
| Price / MAexp50: | -7.50% | |
| Price / MAexp100: | -5.38% |
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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