BITCOIN - BTC/USD - Weekly - Technical analysis published on 01/23/2022 (GMT)
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- Timeframe : Weekly
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Summary of the analysis
Additional analysis
Quotes
BITCOIN - BTC/USD rating 35,224.16 USD. The price registered a decrease of -16.58% over 5 days and was traded between 35,466.70 USD and 43,506.90 USD over the period. The price is currently at -0.68% from its lowest point and -19.04% from its highest point.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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Weekly chart of BITCOIN - BTC/USD indicates that the overall trend is slightly bearish. 57.14% 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. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Weekly
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Weekly
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : Weekly
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
Bullish harami
Type : Bullish
Timeframe : Weekly
Bullish harami cross
Type : Bullish
Timeframe : Weekly
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 12,932.90 | 19,345.50 | 29,794.70 | 35,224.16 | 40,643.20 | 52,682.50 | 63,577.00 |
Change (%) | -63.28% | -45.08% | -15.41% | - | +15.38% | +49.56% | +80.49% |
Change | -22,291.26 | -15,878.66 | -5,429.46 | - | +5,419.04 | +17,458.34 | +28,352.84 |
Level | Major | Major | Major | - | Major | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 31,090.63 | 32,579.43 | 33,829.47 | 35,318.27 | 36,568.31 | 38,057.11 | 39,307.15 |
Camarilla | 34,326.32 | 34,577.38 | 34,828.44 | 35,079.50 | 35,330.56 | 35,581.62 | 35,832.68 |
Woodie | 30,971.24 | 32,519.74 | 33,710.08 | 35,258.58 | 36,448.92 | 37,997.42 | 39,187.76 |
Fibonacci | 32,579.43 | 33,625.67 | 34,272.04 | 35,318.27 | 36,364.51 | 37,010.88 | 38,057.11 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 22,157.53 | 28,112.89 | 31,596.19 | 37,551.55 | 41,034.85 | 46,990.21 | 50,473.51 |
Camarilla | 32,483.87 | 33,349.08 | 34,214.29 | 35,079.50 | 35,944.71 | 36,809.92 | 37,675.13 |
Woodie | 20,921.51 | 27,494.88 | 30,360.17 | 36,933.54 | 39,798.83 | 46,372.20 | 49,237.49 |
Fibonacci | 28,112.89 | 31,718.46 | 33,945.98 | 37,551.55 | 41,157.12 | 43,384.64 | 46,990.21 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 37,198.73 | 41,353.17 | 43,771.53 | 47,925.97 | 50,344.33 | 54,498.77 | 56,917.13 |
Camarilla | 44,382.38 | 44,984.89 | 45,587.39 | 46,189.90 | 46,792.41 | 47,394.91 | 47,997.42 |
Woodie | 36,330.70 | 40,919.15 | 42,903.50 | 47,491.95 | 49,476.30 | 54,064.75 | 56,049.10 |
Fibonacci | 41,353.17 | 43,863.98 | 45,415.16 | 47,925.97 | 50,436.78 | 51,987.96 | 54,498.77 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
RSI (14): | 37.09 | |
MACD (12,26,9): | -1,896.2700 | |
Directional Movement: | -14.24 | |
AROON (14): | -71.43 | |
DEMA (21): | 46,137.39 | |
Parabolic SAR (0,02-0,02-0,2): | 62,820.70 | |
Elder Ray (13): | -10,256.90 | |
Super Trend (3,10): | 55,838.98 | |
Zig ZAG (10): | 35,326.98 | |
VORTEX (21): | 0.9200 | |
Stochastique (14,3,5): | 6.05 | |
TEMA (21): | 41,552.22 | |
Williams %R (14): | -96.45 | |
Chande Momentum Oscillator (20): | -28,003.56 | |
Repulse (5,40,3): | -23.7600 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.3400 | |
Courbe Coppock: | 43.34 |
MA7: | 39,127.57 | |
MA20: | 41,584.91 | |
MA50: | 45,707.25 | |
MA100: | 53,110.29 | |
MAexp7: | 42,049.11 | |
MAexp20: | 47,149.18 | |
MAexp50: | 44,104.00 | |
MAexp100: | 35,552.23 | |
Price / MA7: | -9.98% | |
Price / MA20: | -15.30% | |
Price / MA50: | -22.94% | |
Price / MA100: | -33.68% | |
Price / MAexp7: | -16.23% | |
Price / MAexp20: | -25.29% | |
Price / MAexp50: | -20.13% | |
Price / MAexp100: | -0.92% |
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