Price / Performance Summary
Price	32.973
High	36.833
Low	32.586
7 Day	-11,6%
30 Day	-43,9%
3 Month	-39,9%
6 Month	80,6%
9 Month	180,9%
12 Month	237,4%

 

Simple Moving Averages (d)
	Value	Action
10-d	36.056	SELL
20-d	36.817	SELL
30-d	40.526	WEAK SELL
50-d	46.329	WEAK SELL
(6,21)-d	35485 - 36912	WEAK BUY
(50,200)-d	46424 - 42048	HOLD
Exponential Moving Averages
10-d	35.770	SELL
20-d	38.148	SELL
30-d	40.431	WEAK SELL
50-d	43.856	WEAK SELL
Simple - Exponential Moving Averages Pairing
15-d	36626 - 36531	SELL

 

Oscillators (d)
	Value	Action
RSI (14)	32,83	WEAK BUY
MACD (12,26)	(-3308  -3608)	WEAK SELL
CCI(14)	-182	BUY
Bollinger Bands	N/A	BUY
Chande Momentum Oscillator	-32,34	HOLD
DEMA(20,50)	33.582 & 37.958	WEAK SELL
Stokastik Oscillator (14,3,3)	11,32  &  18,04	WEAK BUY
Williams %R	-88,68	BUY
Chaikin Osilatörü	-1,75k	WEAK SELL
Detrended Price Osilatörü	-11765	HOLD
Volume-Demand Oscillators (d)
Demand Index	-0,26	WEAK SELL
Money Flow Index	39,69	HOLD

I. Trend Analysis

Chart 1 – Trend Analysis

We are in a sharp downward trend that started in April 2021 and continues until today. The trend continues between 2 parallel trend lines, the trend analysis suggests that this trend will continue unless it is broken upwards.

II. Support & Resistance Points & Fibonacci Retreament

Chart 2- Support and Resistance Points & Fibonacci Retreatment

Here are the 5 main support and resistance points.

MAIN RESISTANCES			MAIN SUPPORTS
5.Main Resistance	$58.410,000		1.Fib Support	$31.014,000
4.Fib Resistance	$52.131,000		2.Psycological Support	$30.000,000
3.Main Resistance	$47.090,000		3.Main Support	$28.826,000
2.Fib Resistance	$43.856,000		4.Main Support	$24.260,000
1.Fib Resistance	$37.482,000		5.Fib Support	$21.692,000

III. Formation Analysis

Chart 3-Formation Analysis

Shoulder head and shoulders formation has been formed; in this formation we expect the price to react downwards as long as the formation length.

IV. Fear & Greed Analysis

Chart 4-Fear & Greed Index

This index scored 13 out of 100 for BTC, which shows us that there is still a serious fear in the market.

Source: https://alternative.me/crypto/fear-and-greed-index/

V. News Perspective

Here are the headlines of the most recent news for BTC:

• Chinese social media giant Weibo is reportedly banning crypto-related accounts.
• There’s more trouble on the horizon for South Korean cryptocurrency exchanges. The country’s financial regulator plans to prevent cross trading on its platforms.
• Trump: Bitcoin “Seems Like a Scam,” Threatens the Dollar
• Bitcoin Daily Transaction Rate Dips by 35%, Google Trends Data Shows Interest Has Dropped Since May
• Crypto markets tumble after miners unload 5,000 BTC in one week

DISCLAIMER

This article does not constitute and cannot replace investment advice.

CryptoIndexSeries does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

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