BITSHARES - BTS/USD - 1H - Technical analysis published on 09/15/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 0.008858 USD
My targets
0.008359 USD (-4.81%)
0.007715 USD (-12.14%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BITSHARES - BTS/USD as long as the price remains well below 0.008858 USD. The sellers' bearish objective is set at 0.008359 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.007715 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITSHARES - BTS/USD price is 0.008781 USD. The price is lower by -0.03% since the last closing and was between 0.008735 USD and 0.008781 USD. This implies that the price is at +0.53% from its lowest and at 0% from its highest.0.008735
0.008781
0.008781
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BITSHARES - BTS/USD chart shows a sharp 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 currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 0.007715 | 0.008359 | 0.008751 | 0.008781 | 0.008858 | 0.009090 | 0.009396 |
| Change (%) | -12.14% | -4.81% | -0.34% | - | +0.88% | +3.52% | +7.00% |
| Change | -0.001066 | -0.000422 | -0.000030 | - | +0.000077 | +0.000309 | +0.000615 |
| Level | Major | Minor | Intermediate | - | Minor | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.008317 | 0.008532 | 0.008658 | 0.008873 | 0.008999 | 0.009214 | 0.009340 |
| Camarilla | 0.008690 | 0.008722 | 0.008753 | 0.008784 | 0.008815 | 0.008847 | 0.008878 |
| Woodie | 0.008273 | 0.008510 | 0.008614 | 0.008851 | 0.008955 | 0.009192 | 0.009296 |
| Fibonacci | 0.008532 | 0.008662 | 0.008743 | 0.008873 | 0.009003 | 0.009084 | 0.009214 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.007575 | 0.008179 | 0.008624 | 0.009228 | 0.009673 | 0.010277 | 0.010722 |
| Camarilla | 0.008780 | 0.008876 | 0.008972 | 0.009068 | 0.009164 | 0.009260 | 0.009357 |
| Woodie | 0.007495 | 0.008139 | 0.008544 | 0.009188 | 0.009593 | 0.010237 | 0.010642 |
| Fibonacci | 0.008179 | 0.008580 | 0.008828 | 0.009228 | 0.009629 | 0.009877 | 0.010277 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.004789 | 0.006437 | 0.007758 | 0.009406 | 0.010727 | 0.012375 | 0.013696 |
| Camarilla | 0.008262 | 0.008534 | 0.008806 | 0.009078 | 0.009350 | 0.009622 | 0.009895 |
| Woodie | 0.004625 | 0.006355 | 0.007594 | 0.009324 | 0.010563 | 0.012293 | 0.013532 |
| Fibonacci | 0.006437 | 0.007572 | 0.008272 | 0.009406 | 0.010541 | 0.011241 | 0.012375 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 42.98 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -1.670052 | |
| AROON (14): | -92.857143 | |
| DEMA (21): | 0.008755 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.008969 | |
| Elder Ray (13): | -0.000025 | |
| Super Trend (3,10): | 0.008849 | |
| Zig ZAG (10): | 0.008777 | |
| VORTEX (21): | 0.8103 | |
| Stochastique (14,3,5): | 17.13 | |
| TEMA (21): | 0.008733 | |
| Williams %R (14): | -52.33 | |
| Chande Momentum Oscillator (20): | -0.000035 | |
| Repulse (5,40,3): | 0.2782 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0714 | |
| Courbe Coppock: | 2.86 |
| MA7: | 0.008919 | |
| MA20: | 0.008996 | |
| MA50: | 0.009307 | |
| MA100: | 0.009318 | |
| MAexp7: | 0.008769 | |
| MAexp20: | 0.008812 | |
| MAexp50: | 0.008872 | |
| MAexp100: | 0.008931 | |
| Price / MA7: | -1.55% | |
| Price / MA20: | -2.39% | |
| Price / MA50: | -5.65% | |
| Price / MA100: | -5.76% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | -0.35% | |
| Price / MAexp50: | -1.03% | |
| Price / MAexp100: | -1.68% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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