BITCOIN - BTC/USD - Daily - Technical analysis published on 12/02/2019 (GMT)
- Who voted?
- 177
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 7,420.15 USD
My targets
6,907.04 USD (-4.56%)
5,875.21 USD (-18.82%)
My analysis
BITCOIN - BTC/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 7,420.15 USD. The next support located at 6,907.04 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 5,875.21 USD. Below this support, sellers could then target 3,182.14 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
7.3
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:
Additional analysis
Quotes
The BITCOIN - BTC/USD price is 7,237.17 USD. The price is lower by -2.22% since the last closing and was between 7,163.50 USD and 7,426.70 USD. This implies that the price is at +1.03% from its lowest and at -2.55% from its highest.7,163.50
7,426.70
7,237.17
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this BITCOIN - BTC/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,182.14 | 5,875.21 | 6,907.04 | 7,237.17 | 7,420.15 | 9,501.50 | 10,627.40 |
| Change (%) | -56.03% | -18.82% | -4.56% | - | +2.53% | +31.29% | +46.84% |
| Change | -4,055.03 | -1,361.96 | -330.13 | - | +182.98 | +2,264.33 | +3,390.23 |
| Level | Major | Intermediate | Major | - | 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 | 6,923.05 | 7,081.78 | 7,241.45 | 7,400.18 | 7,559.85 | 7,718.58 | 7,878.25 |
| Camarilla | 7,313.57 | 7,342.76 | 7,371.94 | 7,401.13 | 7,430.32 | 7,459.50 | 7,488.69 |
| Woodie | 6,923.53 | 7,082.02 | 7,241.93 | 7,400.42 | 7,560.33 | 7,718.82 | 7,878.73 |
| Fibonacci | 7,081.78 | 7,203.41 | 7,278.55 | 7,400.18 | 7,521.81 | 7,596.95 | 7,718.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,437.58 | 5,981.93 | 6,770.41 | 7,314.76 | 8,103.24 | 8,647.59 | 9,436.07 |
| Camarilla | 7,192.37 | 7,314.55 | 7,436.72 | 7,558.90 | 7,681.08 | 7,803.25 | 7,925.43 |
| Woodie | 5,559.66 | 6,042.96 | 6,892.49 | 7,375.79 | 8,225.32 | 8,708.62 | 9,558.15 |
| Fibonacci | 5,981.93 | 6,491.07 | 6,805.62 | 7,314.76 | 7,823.90 | 8,138.45 | 8,647.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,120.32 | 4,823.29 | 6,191.10 | 7,894.07 | 9,261.88 | 10,964.85 | 12,332.66 |
| Camarilla | 6,714.44 | 6,995.92 | 7,277.41 | 7,558.90 | 7,840.39 | 8,121.88 | 8,403.36 |
| Woodie | 2,952.73 | 4,739.50 | 6,023.51 | 7,810.28 | 9,094.29 | 10,881.06 | 12,165.07 |
| Fibonacci | 4,823.29 | 5,996.33 | 6,721.04 | 7,894.07 | 9,067.11 | 9,791.82 | 10,964.85 |
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): | 36.64 | |
| MACD (12,26,9): | -346.2400 | |
| Directional Movement: | -16.17 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 7,298.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 6,604.65 | |
| Elder Ray (13): | -265.62 | |
| Super Trend (3,10): | 8,271.11 | |
| Zig ZAG (10): | 7,220.62 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 44.88 | |
| TEMA (21): | 7,142.39 | |
| Williams %R (14): | -58.21 | |
| Chande Momentum Oscillator (20): | -852.21 | |
| Repulse (5,40,3): | -3.0600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6100 | |
| Courbe Coppock: | 22.64 |
| MA7: | 7,439.06 | |
| MA20: | 7,775.43 | |
| MA50: | 8,340.39 | |
| MA100: | 8,873.51 | |
| MAexp7: | 7,426.97 | |
| MAexp20: | 7,745.74 | |
| MAexp50: | 8,243.32 | |
| MAexp100: | 8,643.80 | |
| Price / MA7: | -2.71% | |
| Price / MA20: | -6.92% | |
| Price / MA50: | -13.23% | |
| Price / MA100: | -18.44% | |
| Price / MAexp7: | -2.56% | |
| Price / MAexp20: | -6.57% | |
| Price / MAexp50: | -12.21% | |
| Price / MAexp100: | -16.27% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis BITCOIN - BTC/USD - Daily