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 11/30/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

44%

22%

33%

My opinion

Bearish under 58,472.80 USD

My targets

52,682.50 USD (-7.91%)

40,652.10 USD (-28.94%)

My analysis

The strong short-term decline in BITCOIN - BTC/USD calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 58,472.80 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 52,682.50 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 40,652.10 USD as an objective. Crossing it would then enable sellers to target 35,819.80 USD. Be careful, a return to above 58,472.80 USD could jeopardize the reversal.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

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

Additional analysis

Quotes

The BITCOIN - BTC/USD price is 57,208.49 USD. On the day, this instrument lost -1.08% and was traded between 55,940.88 USD and 59,220.80 USD over the period. The price is currently at +2.27% from its lowest and -3.40% from its highest.

55,940.88

59,220.80

57,208.49

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following result:

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 bullish. 53.57% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Support of channel is broken

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	35,819.80	40,652.10	52,682.50	57,208.49	58,472.80	63,577.00	67,554.70
Change (%)	-37.39%	-28.94%	-7.91%	-	+2.21%	+11.13%	+18.09%
Change	-21,388.69	-16,556.39	-4,525.99	-	+1,264.31	+6,368.51	+10,346.21
Level	Minor	Major	Major	-	Intermediate	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	54,632.78	55,695.49	56,764.94	57,827.65	58,897.10	59,959.81	61,029.26
Camarilla	57,248.04	57,443.48	57,638.93	57,834.38	58,029.83	58,225.28	58,420.72
Woodie	54,636.14	55,697.18	56,768.30	57,829.34	58,900.46	59,961.50	61,032.62
Fibonacci	55,695.49	56,509.98	57,013.17	57,827.65	58,642.14	59,145.33	59,959.81

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	45,771.51	49,674.51	52,246.51	56,149.51	58,721.51	62,624.51	65,196.51
Camarilla	53,037.90	53,631.44	54,224.98	54,818.52	55,412.06	56,005.60	56,599.15
Woodie	45,106.02	49,341.76	51,581.02	55,816.76	58,056.02	62,291.76	64,531.02
Fibonacci	49,674.51	52,147.96	53,676.06	56,149.51	58,622.96	60,151.06	62,624.51

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	41,656.13	47,840.57	54,605.53	60,789.97	67,554.93	73,739.37	80,504.33
Camarilla	57,809.42	58,996.44	60,183.47	61,370.50	62,557.53	63,744.56	64,931.59
Woodie	41,946.40	47,985.70	54,895.80	60,935.10	67,845.20	73,884.50	80,794.60
Fibonacci	47,840.57	52,787.24	55,843.30	60,789.97	65,736.64	68,792.70	73,739.37

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	46.43
MACD (12,26,9):	-1,217.8700
Directional Movement:	-5.14
AROON (14):	-85.71
DEMA (21):	57,292.33
Parabolic SAR (0,02-0,02-0,2):	53,318.71
Elder Ray (13):	-313.77
Super Trend (3,10):	63,057.68
Zig ZAG (10):	57,587.14
VORTEX (21):	0.8300
Stochastique (14,3,5):	43.67
TEMA (21):	55,602.20
Williams %R (14):	-43.12
Chande Momentum Oscillator (20):	723.90
Repulse (5,40,3):	2.0200
ROCnROLL:	2
TRIX (15,9):	-0.2500
Courbe Coppock:	17.28

MA7:	56,792.44
MA20:	59,392.70
MA50:	60,840.44
MA100:	54,293.39
MAexp7:	57,218.91
MAexp20:	58,647.08
MAexp50:	58,365.94
MAexp100:	55,052.96
Price / MA7:	+0.73%
Price / MA20:	-3.68%
Price / MA50:	-5.97%
Price / MA100:	+5.37%
Price / MAexp7:	-0.02%
Price / MAexp20:	-2.45%
Price / MAexp50:	-1.98%
Price / MAexp100:	+3.92%

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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