BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - Daily - Technical analysis published on 01/24/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 40,643.20 USD

My targets

34,243.90 USD (-4.73%)

29,794.70 USD (-17.11%)

My analysis

The bearish trend is currently very strong for BITCOIN - BTC/USD. As long as the price remains below the resistance at 40,643.20 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 34,243.90 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 29,794.70 USD as an objective. Crossing it would then enable sellers to target 19,345.50 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.5

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 Sharkyboy1. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN - BTC/USD rating is 35,945.73 USD. The price registered a decrease of -0.92% on the session and was between 35,782.25 USD and 36,285.36 USD. This implies that the price is at +0.46% from its lowest and at -0.94% from its highest.

35,782.25

36,285.36

35,945.73

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of BITCOIN - BTC/USD in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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 which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	19,345.50	29,794.70	34,243.90	35,945.73	40,643.20	52,682.50	58,570.80
Change (%)	-46.18%	-17.11%	-4.73%	-	+13.07%	+46.56%	+62.94%
Change	-16,600.23	-6,151.03	-1,701.83	-	+4,697.47	+16,736.77	+22,625.07
Level	Major	Major	Minor	-	Major	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33,194.87	33,912.57	35,096.75	35,814.45	36,998.63	37,716.33	38,900.51
Camarilla	35,757.91	35,932.25	36,106.59	36,280.93	36,455.27	36,629.61	36,803.95
Woodie	33,428.11	34,029.19	35,329.99	35,931.07	37,231.87	37,832.95	39,133.75
Fibonacci	33,912.57	34,639.09	35,087.93	35,814.45	36,540.97	36,989.81	37,716.33

Weekly

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

Monthly

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	26.10
MACD (12,26,9):	-2,702.4600
Directional Movement:	-25.18
AROON (14):	-64.28
DEMA (21):	37,619.85
Parabolic SAR (0,02-0,02-0,2):	42,766.91
Elder Ray (13):	-3,547.83
Super Trend (3,10):	42,278.80
Zig ZAG (10):	35,982.74
VORTEX (21):	0.7700
Stochastique (14,3,5):	16.47
TEMA (21):	36,829.01
Williams %R (14):	-81.54
Chande Momentum Oscillator (20):	-7,934.58
Repulse (5,40,3):	-4.9500
ROCnROLL:	2
TRIX (15,9):	-0.6700
Courbe Coppock:	21.43

MA7:	38,364.60
MA20:	41,135.84
MA50:	45,455.66
MA100:	52,870.46
MAexp7:	37,863.14
MAexp20:	41,007.13
MAexp50:	45,266.54
MAexp100:	48,083.18
Price / MA7:	-6.30%
Price / MA20:	-12.62%
Price / MA50:	-20.92%
Price / MA100:	-32.01%
Price / MAexp7:	-5.07%
Price / MAexp20:	-12.35%
Price / MAexp50:	-20.59%
Price / MAexp100:	-25.25%

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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