BITCOIN - BTC/USD
BITCOIN - BTC/USD
- USD (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: BTCUSD
ISIN:

BITCOIN - BTC/USD - Daily - Technical analysis published on 11/12/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 9,476.52 USD
My targets
8,217.80 USD (-6.02%)
7,432.72 USD (-15.00%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 9,476.52 USD remains possible. It is advisable to trade BITCOIN - BTC/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 9,476.52 USD. The next bearish objective for sellers is set at 8,217.80 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7,432.72 USD. In case of crossing, the next objective would be the support located at 5,875.21 USD. PS: if there is a bullish break in the resistance located at 9,476.52 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

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

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 telwaygas. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The BITCOIN - BTC/USD price is 8,743.90 USD. The price registered an increase of +0.27% on the session and was between 8,563.10 USD and 8,841.10 USD. This implies that the price is at +2.11% from its lowest and at -1.10% from its highest.

8,563.10
8,841.10
8,743.90

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:

Technical


A technical analysis in Daily of this BITCOIN - BTC/USD chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily



In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

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:

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5,875.21 7,432.72 8,217.80 8,743.90 9,476.52 10,594.50 11,988.10
Change (%) -32.81% -15.00% -6.02% - +8.38% +21.16% +37.10%
Change -2,868.69 -1,311.18 -526.10 - +732.62 +1,850.60 +3,244.20
Level Major Major Major - Major Minor 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
Standard8,082.878,349.548,534.878,801.548,986.879,253.549,438.87
Camarilla8,595.918,637.348,678.788,720.218,761.648,803.088,844.51
Woodie8,042.218,329.218,494.218,781.218,946.219,233.219,398.21
Fibonacci8,349.548,522.208,628.878,801.548,974.209,080.879,253.54


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7,537.108,106.108,459.059,028.059,381.009,950.0010,302.95
Camarilla8,558.468,642.988,727.498,812.008,896.518,981.029,065.54
Woodie7,429.088,052.098,351.038,974.049,272.989,895.9910,194.93
Fibonacci8,106.108,458.288,675.879,028.059,380.249,597.829,950.00


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4,216.825,757.517,454.838,995.5210,692.8412,233.5313,930.86
Camarilla8,261.718,558.538,855.349,152.169,448.989,745.8010,042.61
Woodie4,295.155,796.677,533.169,034.6810,771.1712,272.6914,009.18
Fibonacci5,757.516,994.437,758.608,995.5210,232.4410,996.6112,233.53

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): 47.17
MACD (12,26,9): 68.4400
Directional Movement: 3.17
AROON (14): -57.14
DEMA (21): 9,031.44
Parabolic SAR (0,02-0,02-0,2): 10,497.80
Elder Ray (13): -252.76
Super Trend (3,10): 8,032.56
Zig ZAG (10): 8,736.58
VORTEX (21): 1.0500
Stochastique (14,3,5): 18.69
TEMA (21): 9,096.40
Williams %R (14): -83.20
Chande Momentum Oscillator (20): -415.36
Repulse (5,40,3): -1.9600
ROCnROLL: 2
TRIX (15,9): 0.2700
Courbe Coppock: 0.29
MA7: 8,946.74
MA20: 9,050.09
MA50: 8,536.22
MA100: 9,495.98
MAexp7: 8,911.00
MAexp20: 8,918.61
MAexp50: 8,934.09
MAexp100: 9,092.89
Price / MA7: -2.27%
Price / MA20: -3.38%
Price / MA50: +2.43%
Price / MA100: -7.92%
Price / MAexp7: -1.88%
Price / MAexp20: -1.96%
Price / MAexp50: -2.13%
Price / MAexp100: -3.84%

This member declared not having a position on this financial instrument or a related financial instrument.

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