BITCOIN - BTC/USD - Daily - Technical analysis published on 12/04/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 52,682.50 USD
My targets
44,076.67 USD (-10.10%)
40,652.10 USD (-17.08%)
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 52,682.50 USD. The sellers' bearish objective is set at 44,076.67 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 40,652.10 USD. In case of crossing, the next objective would be the support located at 35,819.80 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
5.7
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This analysis was given by sebanja. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD price is 49,028.54 USD. The price is lower by -8.67% since the last closing with the lowest point at 40,150.10 USD and the highest point at 53,872.97 USD. The deviation from the price is +22.11% for the low point and -8.99% for the high point.40,150.10
53,872.97
49,028.54
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
In fact, 14 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 29,794.70 | 35,819.80 | 40,652.10 | 49,028.54 | 52,682.50 | 58,570.80 | 63,577.00 |
| Change (%) | -39.23% | -26.94% | -17.08% | - | +7.45% | +19.46% | +29.67% |
| Change | -19,233.84 | -13,208.74 | -8,376.44 | - | +3,653.96 | +9,542.26 | +14,548.46 |
| Level | Major | Minor | Major | - | Major | Intermediate | Major |
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 | 46,392.07 | 49,436.93 | 51,561.07 | 54,605.93 | 56,730.07 | 59,774.93 | 61,899.07 |
| Camarilla | 52,263.73 | 52,737.55 | 53,211.38 | 53,685.20 | 54,159.03 | 54,632.85 | 55,106.68 |
| Woodie | 45,931.70 | 49,206.75 | 51,100.70 | 54,375.75 | 56,269.70 | 59,544.75 | 61,438.70 |
| Fibonacci | 49,436.93 | 51,411.49 | 52,631.38 | 54,605.93 | 56,580.49 | 57,800.38 | 59,774.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45,771.50 | 49,674.50 | 52,246.50 | 56,149.50 | 58,721.50 | 62,624.50 | 65,196.50 |
| Camarilla | 53,037.88 | 53,631.42 | 54,224.96 | 54,818.50 | 55,412.04 | 56,005.58 | 56,599.13 |
| Woodie | 45,106.00 | 49,341.75 | 51,581.00 | 55,816.75 | 58,056.00 | 62,291.75 | 64,531.00 |
| Fibonacci | 49,674.50 | 52,147.95 | 53,676.05 | 56,149.50 | 58,622.95 | 60,151.05 | 62,624.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34,834.63 | 44,076.67 | 50,505.53 | 59,747.57 | 66,176.43 | 75,418.47 | 81,847.33 |
| Camarilla | 52,624.90 | 54,061.40 | 55,497.90 | 56,934.40 | 58,370.90 | 59,807.40 | 61,243.90 |
| Woodie | 33,428.05 | 43,373.38 | 49,098.95 | 59,044.28 | 64,769.85 | 74,715.18 | 80,440.75 |
| Fibonacci | 44,076.67 | 50,062.95 | 53,761.28 | 59,747.57 | 65,733.85 | 69,432.18 | 75,418.47 |
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): | 30.88 | |
| MACD (12,26,9): | -1,960.6200 | |
| Directional Movement: | -33.66 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 54,737.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 59,086.02 | |
| Elder Ray (13): | -8,815.97 | |
| Super Trend (3,10): | 59,243.68 | |
| Zig ZAG (10): | 48,782.87 | |
| VORTEX (21): | 0.6800 | |
| Stochastique (14,3,5): | 35.46 | |
| TEMA (21): | 52,768.12 | |
| Williams %R (14): | -57.04 | |
| Chande Momentum Oscillator (20): | -7,600.93 | |
| Repulse (5,40,3): | -7.3700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3400 | |
| Courbe Coppock: | 15.55 |
| MA7: | 55,481.69 | |
| MA20: | 57,227.33 | |
| MA50: | 60,503.49 | |
| MA100: | 54,518.61 | |
| MAexp7: | 54,312.46 | |
| MAexp20: | 56,970.05 | |
| MAexp50: | 57,683.12 | |
| MAexp100: | 54,923.07 | |
| Price / MA7: | -11.63% | |
| Price / MA20: | -14.33% | |
| Price / MA50: | -18.97% | |
| Price / MA100: | -10.07% | |
| Price / MAexp7: | -9.73% | |
| Price / MAexp20: | -13.94% | |
| Price / MAexp50: | -15.00% | |
| Price / MAexp100: | -10.73% |
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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