BITCOIN - BTC/USDT - 1H - Technical analysis published on 06/29/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 9,188.67 USDT
My targets
8,658.20 USDT (-4.75%)
8,414.77 USDT (-7.42%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 9,188.67 USDT remains possible. It is advisable to trade BITCOIN - BTC/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 9,188.67 USDT. The next bearish objective for sellers is set at 8,658.20 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8,414.77 USDT. In case of crossing, the next objective would be the support located at 6,629.81 USDT. PS: if there is a bullish break in the resistance located at 9,188.67 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.5
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This analysis was given by Addareea. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USDT price is 9,089.52 USDT. The price is lower by -0.36% since the last closing with the lowest point at 9,083.19 USDT and the highest point at 9,144.78 USDT. The deviation from the price is +0.07% for the low point and -0.60% for the high point.9,083.19
9,144.78
9,089.52
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BITCOIN - BTC/USDT indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6,629.81 | 8,414.77 | 9,050.99 | 9,089.52 | 9,188.67 | 9,332.79 | 9,530.49 |
| Change (%) | -27.06% | -7.42% | -0.42% | - | +1.09% | +2.68% | +4.85% |
| Change | -2,459.71 | -674.75 | -38.53 | - | +99.15 | +243.27 | +440.97 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Major | 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 | 8,745.67 | 8,847.58 | 8,984.93 | 9,086.84 | 9,224.19 | 9,326.10 | 9,463.45 |
| Camarilla | 9,056.47 | 9,078.41 | 9,100.34 | 9,122.27 | 9,144.20 | 9,166.13 | 9,188.07 |
| Woodie | 8,763.38 | 8,856.44 | 9,002.64 | 9,095.70 | 9,241.90 | 9,334.96 | 9,481.16 |
| Fibonacci | 8,847.58 | 8,938.98 | 8,995.45 | 9,086.84 | 9,178.24 | 9,234.71 | 9,326.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,746.46 | 8,304.16 | 8,658.20 | 9,215.90 | 9,569.94 | 10,127.64 | 10,481.68 |
| Camarilla | 8,761.50 | 8,845.08 | 8,928.66 | 9,012.23 | 9,095.81 | 9,179.38 | 9,262.96 |
| Woodie | 7,644.62 | 8,253.25 | 8,556.36 | 9,164.99 | 9,468.10 | 10,076.73 | 10,379.84 |
| Fibonacci | 8,304.16 | 8,652.45 | 8,867.62 | 9,215.90 | 9,564.19 | 9,779.36 | 10,127.64 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,740.67 | 7,516.23 | 8,485.58 | 9,261.14 | 10,230.49 | 11,006.05 | 11,975.40 |
| Camarilla | 8,975.08 | 9,135.03 | 9,294.98 | 9,454.93 | 9,614.88 | 9,774.83 | 9,934.78 |
| Woodie | 6,837.56 | 7,564.68 | 8,582.47 | 9,309.59 | 10,327.39 | 11,054.50 | 12,072.30 |
| Fibonacci | 7,516.23 | 8,182.79 | 8,594.58 | 9,261.14 | 9,927.70 | 10,339.50 | 11,006.05 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.87 | |
| MACD (12,26,9): | 10.3500 | |
| Directional Movement: | -4.59 | |
| AROON (14): | -21.42 | |
| DEMA (21): | 9,122.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,154.29 | |
| Elder Ray (13): | -5.52 | |
| Super Trend (3,10): | 9,026.10 | |
| Zig ZAG (10): | 9,108.40 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 33.57 | |
| TEMA (21): | 9,132.49 | |
| Williams %R (14): | -67.58 | |
| Chande Momentum Oscillator (20): | -3.51 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.11 |
| MA7: | 9,225.82 | |
| MA20: | 9,371.21 | |
| MA50: | 9,405.71 | |
| MA100: | 8,422.23 | |
| MAexp7: | 9,115.31 | |
| MAexp20: | 9,107.83 | |
| MAexp50: | 9,109.40 | |
| MAexp100: | 9,162.53 | |
| Price / MA7: | -1.48% | |
| Price / MA20: | -3.01% | |
| Price / MA50: | -3.36% | |
| Price / MA100: | +7.92% | |
| Price / MAexp7: | -0.28% | |
| Price / MAexp20: | -0.20% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.80% |
Quotes :
2020-06-29 06:54:37
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Real time data
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Cryptocompare
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