BITCOIN - BTC/USD - Daily - Technical analysis published on 12/25/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 7,432.72 USD
My targets
6,615.23 USD (-7.42%)
5,875.21 USD (-17.78%)
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 7,432.72 USD. The next support located at 6,615.23 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
6.1
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This analysis was given by telwaygas. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 7,145.54 USD. The price registered a decrease of -1.57% on the session with the lowest point at 7,116.34 USD and the highest point at 7,264.05 USD. The deviation from the price is +0.41% for the low point and -1.63% for the high point.7,116.34
7,264.05
7,145.54
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.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 8 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
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 | 6,615.23 | 7,145.54 | 7,432.72 | 9,516.95 | 10,627.40 |
| Change (%) | -55.47% | -17.78% | -7.42% | - | +4.02% | +33.19% | +48.73% |
| Change | -3,963.40 | -1,270.33 | -530.31 | - | +287.18 | +2,371.41 | +3,481.86 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | 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 | 6,863.50 | 7,008.70 | 7,134.08 | 7,279.28 | 7,404.66 | 7,549.86 | 7,675.24 |
| Camarilla | 7,185.06 | 7,209.86 | 7,234.67 | 7,259.47 | 7,284.27 | 7,309.08 | 7,333.88 |
| Woodie | 6,853.60 | 7,003.75 | 7,124.18 | 7,274.33 | 7,394.76 | 7,544.91 | 7,665.34 |
| Fibonacci | 7,008.70 | 7,112.06 | 7,175.92 | 7,279.28 | 7,382.64 | 7,446.50 | 7,549.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,560.10 | 5,996.24 | 6,570.24 | 7,006.38 | 7,580.38 | 8,016.52 | 8,590.52 |
| Camarilla | 6,866.44 | 6,959.04 | 7,051.63 | 7,144.23 | 7,236.83 | 7,329.42 | 7,422.02 |
| Woodie | 5,629.02 | 6,030.71 | 6,639.16 | 7,040.85 | 7,649.30 | 8,050.98 | 8,659.44 |
| Fibonacci | 5,996.24 | 6,382.12 | 6,620.51 | 7,006.38 | 7,392.26 | 7,630.65 | 8,016.52 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.34 | |
| MACD (12,26,9): | -109.9000 | |
| Directional Movement: | 1.77 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 7,078.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 6,550.86 | |
| Elder Ray (13): | -26.85 | |
| Super Trend (3,10): | 7,594.71 | |
| Zig ZAG (10): | 7,139.47 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 64.14 | |
| TEMA (21): | 7,185.09 | |
| Williams %R (14): | -43.57 | |
| Chande Momentum Oscillator (20): | -111.80 | |
| Repulse (5,40,3): | -2.7000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3200 | |
| Courbe Coppock: | 2.16 |
| MA7: | 7,245.40 | |
| MA20: | 7,223.00 | |
| MA50: | 7,692.97 | |
| MA100: | 8,193.07 | |
| MAexp7: | 7,221.40 | |
| MAexp20: | 7,261.48 | |
| MAexp50: | 7,627.88 | |
| MAexp100: | 8,126.41 | |
| Price / MA7: | -1.38% | |
| Price / MA20: | -1.07% | |
| Price / MA50: | -7.12% | |
| Price / MA100: | -12.79% | |
| Price / MAexp7: | -1.05% | |
| Price / MAexp20: | -1.60% | |
| Price / MAexp50: | -6.32% | |
| Price / MAexp100: | -12.07% |
This member declared not having a position on this financial instrument or a related financial instrument.
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