Free Wrapped Bitcoin (WBTC) Technical Analysis Signals

Overal Signal
Buy
Signals
Buy Buy Hold Hold
Last Update / Period
22 Apr / Daily
Category/Currency
Cryptocurrencies/USD
Exchange/Country
CCC/--

Wrapped Bitcoin (WBTC) signal with technical analysis on 22 Apr

On 22 Apr, we conducted a comprehensive technical analysis of Wrapped Bitcoin (WBTC), considering 256 signals with intricate details. Here are the key findings: 167 signals suggested buy strategies, while 11 indicated sell strategies. The remaining 78 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: 46
Sell Signals: 2
Neutral Signals: 16
Result: This strategy leads to a Buy position.

Strategy 2:
Buy Signals: 43
Sell Signals: 1
Neutral Signals: 20
Result: This strategy leads to a Buy position.

Strategy 3:
Buy Signals: 41
Sell Signals: 2
Neutral Signals: 21
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 37
Sell Signals: 6
Neutral Signals: 21
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 167
Sell Signals: 11
Neutral Signals: 78
Result: This strategy leads to a Buy 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 "magicalprediction" 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 seems to be a tendency toward a buy signal based on historical data and analysis. However, it's important to remember that these signals are not guarantees, and any investment decision should be made carefully. Consider the overall market conditions and how your choices align with your specific investment goals.


Based on the above signals, 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, holding your position may be a good strategy according to our signals. However, always exercise caution and monitor market developments closely.

Wrapped Bitcoin (WBTC) trading strategy for those in sell positions (short positions): If you are currently in a sell (short) position, it is recommended to choose the optimal time to exit based on our signal combination. If you have a higher risk tolerance, consider waiting for market movements in the coming days.

For new positions: If you are not currently in the market or are considering switching to a buy (long) position, it’s advisable to consider the projected price range. This range represents a potential upside of 4.67%, determined by the highest predicted price. However, before deciding to enter a buy position, be cautious and conduct thorough research to ensure it aligns with your risk tolerance and investment goals.

In all your trading endeavors, implementing a well-defined stop-loss strategy is crucial for managing potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we suggest utilizing the "predict-price" website, which offers both short-term and long-term predictions for free. This can help you make more informed decisions regarding your **Wrapped Bitcoin (WBTC)** holdings.

Wrapped Bitcoin (WBTC) Price Analysis and Resistance Levels:

Given our current long position in Wrapped Bitcoin (WBTC), analyzing key resistance levels is crucial to better understand its price movement. These levels are important benchmarks for our strategy, and we will explore multiple scenarios to provide a comprehensive outlook.

First resistance level (90907.227): The primary hurdle we face is the 90907.227 price level. If the current trend remains unchanged, Wrapped Bitcoin (WBTC) could break above this level, signaling its strength and potential for further growth.

Second resistance level (91431.633): If the upward trend continues with significant strength, we may see Wrapped Bitcoin (WBTC) cross the second resistance level at 91431.633, indicating a major upside move and a promising direction for our position.

Third resistance level (101976.398): For a more comprehensive analysis, consider a scenario where Wrapped Bitcoin (WBTC) not only breaks the second resistance level but holds its price above this mark. If this trend continues in the coming days, Wrapped Bitcoin (WBTC) could potentially reach the third resistance level of 101976.398.
It's essential to closely monitor these resistance levels and consider them in the broader context of market trends and indicators. To make informed decisions when trading Wrapped Bitcoin (WBTC), stay alert and continually analyze the market. By focusing on these resistance levels and considering broader market dynamics, you can make smarter trading decisions and adapt to this dynamic market.

Wrapped Bitcoin (WBTC) technical analysis chart

Wrapped Bitcoin (WBTC) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 90907.227 91431.633 101976.398 107463.992 108307.461
Support 73505.734 72581.367 71778.773 69868.227 64609.754
 Wrapped Bitcoin (WBTC) Support and Resistance area (22 Apr)  Wrapped Bitcoin (WBTC) Support and Resistance area (22 Apr)

Wrapped Bitcoin (WBTC) signals list for 22 Apr

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Wrapped Bitcoin (WBTC) candlestick patterns on 22 Apr

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

Belt-hold Separating Lines

Wrapped Bitcoin (WBTC) technical analysis over the past days

# Date Overal Signals ALL Signals
1 21 Apr Buy BuyHoldHoldHold
2 20 Apr Hold NeutralHoldHoldNeutral
3 19 Apr Buy BuyHoldHoldHold
4 18 Apr Buy NeutralHoldHoldBuy
5 17 Apr Buy BuyHoldBuyNeutral
6 16 Apr Hold NeutralHoldNeutralNeutral
7 15 Apr Hold NeutralNeutralNeutralNeutral
8 14 Apr Buy HoldHoldNeutralNeutral
9 13 Apr Neutral HoldHoldNeutralNeutral
10 12 Apr Buy HoldBuyNeutralNeutral
11 11 Apr Buy BuyNeutralNeutralNeutral
12 10 Apr Sell SellHoldHoldHold
13 09 Apr Hold NeutralHoldHoldHold
14 08 Apr Hold HoldHoldHoldHold
15 07 Apr Hold HoldHoldHoldHold
16 06 Apr Sell SellHoldHoldHold
17 05 Apr Sell NeutralSellHoldHold
18 04 Apr Sell HoldNeutralHoldSell
19 03 Apr Buy BuyHoldNeutralNeutral
20 02 Apr Sell NeutralSellSellSell
21 01 Apr Hold NeutralNeutralNeutralNeutral
22 31 Mar Hold HoldHoldHoldHold
23 30 Mar Hold HoldHoldHoldHold
24 29 Mar Sell HoldSellSellSell
25 28 Mar Sell SellNeutralNeutralNeutral
26 27 Mar Buy NeutralHoldNeutralBuy
27 26 Mar Hold HoldHoldHoldNeutral
28 25 Mar Buy HoldHoldHoldBuy
29 24 Mar Buy HoldHoldBuyNeutral
30 23 Mar Buy BuyBuyNeutralNeutral

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