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 05/13/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

11%

72%

17%

My opinion

Bearish under 28,075.20 USD

My targets

24,446.00 USD (-8.62%)

19,345.50 USD (-27.69%)

My analysis

The strong short-term decrease of BITCOIN - BTC/USD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 28,075.20 USD, a sale could be considered. The first bearish objective is located at 24,446.00 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 19,345.50 USD. If there is any crossing, the next objective would be support 15,787.20 USD. Caution, if there is a return to above 28,075.20 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

3.4

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

Additional analysis

Quotes

BITCOIN - BTC/USD rating 26,751.83 USD. The price is lower by -0.20% since the last closing and was traded between 26,702.37 USD and 26,993.30 USD over the period. The price is currently at +0.19% from its lowest and -0.89% from its highest.

26,702.37

26,993.30

26,751.83

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 an item:

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 not clearly defined. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

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	15,787.20	19,345.50	24,446.00	26,751.83	28,075.20	29,794.70	35,079.50
Change (%)	-40.99%	-27.69%	-8.62%	-	+4.95%	+11.37%	+31.13%
Change	-10,964.63	-7,406.33	-2,305.83	-	+1,323.37	+3,042.87	+8,327.67
Level	Intermediate	Major	Major	-	Minor	Major	Minor

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	24,810.32	25,322.67	26,064.13	26,576.48	27,317.94	27,830.29	28,571.75
Camarilla	26,460.78	26,575.72	26,690.65	26,805.58	26,920.51	27,035.45	27,150.38
Woodie	24,924.87	25,379.95	26,178.68	26,633.76	27,432.49	27,887.57	28,686.30
Fibonacci	25,322.67	25,801.63	26,097.53	26,576.48	27,055.44	27,351.34	27,830.29

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25,439.21	26,554.45	27,732.91	28,848.15	30,026.61	31,141.85	32,320.31
Camarilla	28,280.59	28,490.85	28,701.10	28,911.36	29,121.62	29,331.87	29,542.13
Woodie	25,470.81	26,570.26	27,764.51	28,863.96	30,058.21	31,157.66	32,351.91
Fibonacci	26,554.45	27,430.65	27,971.96	28,848.15	29,724.35	30,265.66	31,141.85

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23,091.60	25,039.60	27,133.50	29,081.50	31,175.40	33,123.40	35,217.30
Camarilla	28,115.88	28,486.39	28,856.89	29,227.40	29,597.91	29,968.42	30,338.92
Woodie	23,164.55	25,076.08	27,206.45	29,117.98	31,248.35	33,159.88	35,290.25
Fibonacci	25,039.60	26,583.61	27,537.49	29,081.50	30,625.51	31,579.39	33,123.40

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):	36.96
MACD (12,26,9):	-373.7300
Directional Movement:	-14.20
AROON (14):	-85.72
DEMA (21):	27,746.53
Parabolic SAR (0,02-0,02-0,2):	29,482.79
Elder Ray (13):	-998.89
Super Trend (3,10):	29,532.39
Zig ZAG (10):	26,757.87
VORTEX (21):	0.9800
Stochastique (14,3,5):	17.91
TEMA (21):	27,115.56
Williams %R (14):	-77.99
Chande Momentum Oscillator (20):	-1,331.65
Repulse (5,40,3):	-2.0000
ROCnROLL:	2
TRIX (15,9):	-0.0600
Courbe Coppock:	8.21

MA7:	27,489.31
MA20:	28,354.94
MA50:	28,516.56
MA100:	26,147.82
MAexp7:	27,408.80
MAexp20:	28,090.29
MAexp50:	27,807.20
MAexp100:	26,250.24
Price / MA7:	-2.68%
Price / MA20:	-5.65%
Price / MA50:	-6.19%
Price / MA100:	+2.31%
Price / MAexp7:	-2.40%
Price / MAexp20:	-4.76%
Price / MAexp50:	-3.80%
Price / MAexp100:	+1.91%

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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