BITBAY:BTCUSD The downtrend is currently very strong on BITCOIN - BTC / USD. As long as the price remains below the resistance at 43 838.40 USD, we could look to profit from the bearish rally. The first bearish target is located at 42,142.20 USD. The bearish momentum would be revived by a breakout of this support. The sellers would then aim for the next support located at 40 672.60 USD. Its crossing would then allow sellers to target USD 30,409.80. Be careful, given the strong bearish rally underway, excess could lead to a rebound in the short term. If this is the case, remember that trading against the trend may be more risky. It would seem more relevant to wait for a signal to resume the trend.
TRENDS: Short term: STRONGLY DECREASING Bottom line: STRONGLY DECREASING
MY GOALS: 42,142.20 USD (-2.70%) 40 672.60 USD (-6.09%)
TECHNICAL INDICATORS : 17% up 61% down 22% neutral
Analysis STRENGTH : 7.5/10
details: The price of BITCOIN - BTC / USD is 43,312.40 USD. The price is down -0.57% since the last close and was traded between $ 42,392.00 and $ 45,823.40 during the period. The price is currently at + 2.17% of its low and -5.48% of its high.
Gaps detects a bearish opening marking the presence of sellers against buyers at the opening but not sufficiently marked to allow the price to record a quotation hole.
Technical analysis of BITCOIN - BTC / USD in 1 hour shows a strongly bearish overall trend. 92.86% of signals sent by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals sent by the short-term moving averages. Indicators detects bullish and bearish signals on moving averages that could impact this trend
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