Free Wrapped Bitcoin (WBTC) Technical Analysis Signals

Overal Signal
Sell
Signals
Sell Hold Hold Hold
Last Update / Period
14 Feb / Daily
Category/Currency
Cryptocurrencies/USD
Exchange/Country
CCC/--

Wrapped Bitcoin (WBTC) signal with technical analysis on 14 Feb

On 14 Feb, we conducted a comprehensive technical analysis of Wrapped Bitcoin (WBTC), considering 256 signals with intricate details. Here are the key findings: 40 signals suggested buy strategies, while 119 indicated sell strategies. The remaining 97 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 14
Sell Signals: 26
Neutral Signals: 24
Result: This strategy leads to a Sell position.

Strategy 2:
Buy Signals: 14
Sell Signals: 27
Neutral Signals: 23
Result: This strategy leads to a Hold position.

Strategy 3:
Buy Signals: 5
Sell Signals: 34
Neutral Signals: 25
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 7
Sell Signals: 32
Neutral Signals: 25
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 40
Sell Signals: 119
Neutral Signals: 97
Result: This strategy leads to a Sell position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Wrapped Bitcoin (WBTC) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for Wrapped Bitcoin (WBTC) on , there is a tendency towards a sell signal based on historical data and analysis. However, it’s crucial to remember that these signals are not guarantees. Make sure to carefully consider overall market conditions and align your decisions with your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
Wrapped Bitcoin (WBTC) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is advisable to identify the optimal time to exit your position based on a combination of technical signals. Those with a high risk tolerance may choose to wait and observe market movements over the next few days.
Wrapped Bitcoin (WBTC) trading strategy for those in sell positions (short positions): If you are in a sell (short) position, holding your position may be the right strategy, as indicated by the consensus of our technical analysis. However, be cautious and monitor market developments closely.
For new positions: If you are not currently invested or considering switching to a sell (short) position, it’s recommended to assess the potential downside of 32.93% based on the lowest expected price range. Ensure that this aligns with your risk tolerance and objectives by conducting thorough research before entering a short position.

In all trading scenarios, a well-defined stop-loss strategy is critical to managing potential downside risks effectively.

Useful Tip: For long-term forecasting, we recommend using the "Predict-price" website, which offers both short-term and long-term predictions at no cost. This resource can support informed decision-making regarding your **Wrapped Bitcoin (WBTC)** investments.

Wrapped Bitcoin (WBTC) Price Analysis and Support Levels:

In our current Wrapped Bitcoin (WBTC) position, we find ourselves in a short position, anticipating a potential downward trend. Understanding the key support levels is essential, as these serve as critical reference points for traders and investors to make informed decisions.

First Support Level: 73505.734
We are closely monitoring the price at 73505.734, the first support level. If the downward trend continues, breaching this level would signal strong selling pressure, suggesting the possibility of further price depreciation.

Second Support Level: 72581.367
If the first support level is broken, the second support level at 72581.367 becomes crucial. A break here would indicate stronger downward momentum, likely driven by market sentiment or external factors.

Third Support Level: 71778.773
If the second support level is broken and the price continues to decline, this signals a significant market shift. Staying below 71778.773 would confirm a persistent downward trend, with traders likely targeting this third level as the next support point.
These support levels should be carefully considered within the context of broader market trends and indicators. By staying alert and consistently analyzing the market, you can make well-informed decisions while trading Wrapped Bitcoin (WBTC). Keeping these support levels in mind will help you adapt to the dynamic nature of the market and make smarter trading choices.

Wrapped Bitcoin (WBTC) technical analysis chart

Wrapped Bitcoin (WBTC) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 101976.398 107463.992 -- -- --
Support 73505.734 72581.367 71778.773 69868.227 64609.754
 Wrapped Bitcoin (WBTC) Support and Resistance area (14 Feb)

Wrapped Bitcoin (WBTC) signals list for 14 Feb

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Wrapped Bitcoin (WBTC) candlestick patterns on 14 Feb

Today's Wrapped Bitcoin (WBTC) Candle Patterns List:

Short Line Candle

Wrapped Bitcoin (WBTC) technical analysis over the past days

# Date Overal Signals ALL Signals
1 13 Feb Sell SellSellHoldHold
2 12 Feb Buy BuyNeutralHoldHold
3 11 Feb Sell SellHoldHoldHold
4 10 Feb Buy BuyHoldHoldHold
5 09 Feb Hold HoldHoldHoldHold
6 08 Feb Hold HoldHoldHoldHold
7 07 Feb Hold HoldHoldHoldHold
8 06 Feb Hold HoldHoldHoldHold
9 05 Feb Hold HoldHoldHoldHold
10 04 Feb Hold HoldHoldHoldHold
11 03 Feb Hold HoldHoldHoldHold
12 02 Feb Sell HoldHoldHoldSell
13 01 Feb Sell HoldHoldSellNeutral
14 31 Jan Sell SellSellNeutralHold
15 30 Jan Buy BuyBuyHoldHold
16 29 Jan Buy NeutralNeutralBuyHold
17 28 Jan Hold HoldHoldNeutralHold
18 27 Jan Hold HoldSellNeutralHold
19 26 Jan Sell SellHoldHoldHold
20 25 Jan Hold NeutralHoldHoldHold
21 24 Jan Hold NeutralHoldHoldHold
22 23 Jan Hold NeutralHoldHoldHold
23 22 Jan Hold NeutralHoldHoldHold
24 21 Jan Hold HoldHoldHoldHold
25 20 Jan Hold NeutralHoldHoldHold
26 19 Jan Hold NeutralHoldHoldHold
27 18 Jan Hold HoldHoldHoldHold
28 17 Jan Hold HoldHoldHoldHold
29 16 Jan Buy HoldHoldBuyHold
30 15 Jan Buy HoldBuyNeutralBuy

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